Analyst Tomer Zilberman of Bank of America Securities reiterated a Buy rating on Motorola Solutions, retaining the 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 performance and future potential. The company reported impressive second-quarter results, with revenue growth exceeding expectations and a significant earnings per share beat. Despite some concerns about the second half’s organic growth guidance, Zilberman attributes this to management’s conservative approach and remains optimistic about the long-term growth prospects, particularly with the strategic acquisition of Silvus.
Zilberman also points to the robust demand in Motorola’s Land Mobile Radio (LMR) segment, which has been rebranded as Mission Critical Networks. While there are potential risks to revenue growth, the strong order growth and management’s confidence in maintaining double-digit order growth in the second half suggest sustained demand. Additionally, the growth projections for Silvus are seen as conservative, with potential for upside driven by favorable market conditions and internal expectations exceeding the guidance. These factors contribute to Zilberman’s positive outlook and reaffirmation of the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $509.00 price target.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSI in relation to earlier this year.