Barclays Maintains Overweight on MACOM Technology Solns, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on MACOM Technology Solutions (MTSI) and increased the price target from $105 to $115.
May 03, 2024 | 2:36 pm
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Barclays has reaffirmed its Overweight rating on MACOM Technology Solutions and raised its price target from $105 to $115.
The upgrade in the price target by Barclays, a major financial institution, reflects a positive outlook on MACOM Technology Solutions' future performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
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