MACOM shares surge after BMO upgrades to Outperform and highlights AI optical chipset
MACOM Technology Solutions (MTSI) stock jumped 6‑7% on October 1‑2, 2026 after BMO Capital raised its rating to Outperform and set a $335 price target. The upgrade was driven by strong demand for the company's RF and microwave products and the launch of a 3.2‑terabit optical chipset for AI data centers. The rally was reinforced by the company's high margins and solid balance‑sheet metrics.
Why it matters
BMO Capital’s upgrade and $335 target suggest the analyst expects the AI and defense product portfolio to drive earnings growth, which could support further price appreciation for investors holding MTSI. The higher rating also may attract additional institutional buying.
Key facts
- 1BMO Capital upgraded MACOM to Outperform and set a $335 price target. stockstotrade.com
- 2Shares closed at $303.93, up 6.7% from the previous close. financialcontent.com
- 3The company announced a 3.2‑terabit optical chipset for AI data centers. financialcontent.com
- 4Quarterly revenue was about $342.24 million. stockstotrade.com
- 5Gross margin is around 56.5% and EBIT margin near 25.2%. timothysykes.com
- 6Total debt‑to‑equity is 0.24 and current ratio is 2.3. stockstotrade.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.