Raymond James upgrades MACOM Technology Solutions to Outperform with $300 target
Raymond James raised MACOM Technology Solutions (MTSI) to an Outperform rating and set a $300 price target. The analyst highlighted the stock's 30% decline since early October as a buying opportunity and cited diversified growth prospects in data centers, space, defense and communications. MACOM reported third‑quarter revenue of $342.2 million, up 35.8% YoY, with adjusted EPS of $1.40, and guided fourth‑quarter revenue of $415 million‑$425 million and adjusted EPS of $1.97‑$2.03. The firm also projects 37% revenue growth in fiscal 2026 and 40% in fiscal 2027.
Why it matters
The upgrade and $300 target imply roughly 23% upside from the current price, which could attract buying pressure. The guidance for higher fourth‑quarter revenue and EPS suggests continued earnings momentum for investors.
Key facts
- 1Raymond James upgraded MACOM Technology Solutions to Outperform and set a $300 price target. investing.com
- 2The stock has fallen 30% since the start of October. investing.com
- 3Third‑quarter revenue was $342.2 million, a 35.8% increase from the prior year. investing.com
- 4Adjusted EPS for the third quarter was $1.40. investing.com
- 5Fiscal fourth‑quarter revenue guidance is $415 million to $425 million. finance.yahoo.com
- 6Fiscal fourth‑quarter adjusted EPS guidance is $1.97 to $2.03. finance.yahoo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.