Jefferies analyst Blayne Curtis raised the firm’s price target on Macom (MTSI) to $450 from $295 and keeps a Buy rating on the shares after a “breakout quarter.” The firm continues to see upside within the Data Center segment, but also in Industrial & Defense as defense budgets continue to expand and Telecom with LEO satellite deployments ramping stronger in FY27, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTSI: