Susquehanna analyst Christopher Rolland raised the firm’s price target on Macom (MTSI) to $350 from $300 and keeps a Neutral rating on the shares. The firm updated its model following inline Q1 results but better guidance driven by an inflection in their DC end market.
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Read More on MTSI:
- Macom price target raised to $345 from $240 at JPMorgan
- Christopher Rolland Maintains Hold on MACOM, Raises Price Target to $350 Amid Strong Data Center-Driven Growth Outlook
- Macom price target raised to $400 from $265 at Barclays
- Macom Technology Surges on Record Earnings and Outlook
- Macom price target raised to $450 from $295 at Jefferies
