Northland analyst Tim Savageaux raised the firm’s price target on Macom (MTSI) to $160 from $140 and keeps an Outperform rating on the shares. The price target increase follows “extremely positive” comments from Ciena (CIEN) last week, noting a material increase in business activity since earnings just a few weeks ago, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTSI: