Bank of America Securities analyst Tomer Zilberman has maintained their bullish stance on MSI stock, giving a Buy rating on November 21.
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Tomer Zilberman has given his Buy rating due to a combination of factors that highlight Motorola Solutions’ robust market position and potential for future growth. Despite the stock’s underperformance compared to the broader market, Zilberman emphasizes the company’s solid core position and emerging demand opportunities. The Land Mobile Radio (LMR) segment, which constitutes a significant portion of Motorola’s revenue, has experienced a deceleration in growth, but the underlying demand remains strong with order levels increasing by over 10%.
Moreover, Zilberman points out that the company is well-positioned to benefit from government priorities and funding, particularly in areas like customs and border defense, which could enhance growth prospects in the upcoming quarters. The acquisition of Silvus and the adoption of new product lines such as the APX N radio and SVX body-worn camera are expected to support sustained growth. These factors, combined with a favorable valuation and a price objective significantly higher than the current stock price, underpin Zilberman’s Buy rating for Motorola Solutions.