Piper Sandler Maintains Neutral on MACOM Technology Solns, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has maintained a Neutral rating on MACOM Technology Solutions (NASDAQ:MTSI) while raising the price target from $100 to $115.
October 25, 2024 | 2:30 pm
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Piper Sandler has maintained a Neutral rating on MACOM Technology Solutions but increased the price target from $100 to $115, indicating a positive outlook despite the neutral stance.
The increase in the price target from $100 to $115 suggests a positive outlook for MACOM Technology Solutions, even though the Neutral rating remains unchanged. This could lead to a short-term positive impact on the stock price as investors may interpret the raised target as a sign of potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100