Macom price target raised to $160 from $140 at BofA

BofA raised the firm’s price target on Macom (MTSI) to $160 from $140 and keeps a Buy rating on the shares. The firm sees Macom having “unique growth engines in data center and defense,” adding that it likes that broad-based datacenter strength suggests 45% year-over-year growth in FY25 as broad optics and copper portfolios address a diverse range of customer roadmap needs.