Bank of America Securities analyst Tomer Zilberman reiterated a Buy rating on Motorola Solutions (MSI – Research Report) today and set a price target of $520.00.
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Tomer Zilberman has given his Buy rating due to a combination of factors that highlight Motorola Solutions’ strong financial performance and growth prospects. The company’s fourth-quarter results were robust, with earnings per share (EPS) exceeding expectations due to a lower-than-anticipated tax rate. Although revenue and margins were in line with market predictions, the overall financial health of the company remains solid as indicated by the above-average revenue growth guidance for fiscal year 2025.
Furthermore, Zilberman points out that key segments such as Land Mobile Radio (LMR) and Video Security are poised to continue supporting Motorola’s growth. The LMR segment is expected to grow by approximately 4.5%, bolstered by a substantial product backlog, while Video Security is anticipated to see an 11% year-over-year increase. Additionally, the commitment to public safety technologies and the stability in the Federal business segment, despite potential challenges, underscore the positive outlook. These factors collectively justify the reiterated Buy rating and a price objective of $520.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $527.00 price target.