William Blair analyst Louie DiPalma has reiterated their bullish stance on MSI stock, giving a Buy rating on February 14.
Louie DiPalma has given his Buy rating due to a combination of factors that highlight Motorola Solutions’ strategic positioning and growth potential. The recent acquisition of RapidDeploy, a cloud-native 911 software provider, is expected to enhance Motorola’s existing emergency response platforms, such as VESTA 911 and the RAVE app. This acquisition is seen as a strategic move to strengthen Motorola’s offerings in public safety communications, which is a sector experiencing record demand.
Despite a recent decline in Motorola’s stock price due to a decrease in product backlog, DiPalma views this as a buying opportunity, emphasizing the company’s robust pipeline and strong demand environment. Motorola’s valuation, trading at a premium multiple, reflects its resilience to macroeconomic pressures. The anticipated long-term EPS growth, driven by organic growth, acquisitions, and stock buybacks, supports the Buy rating. However, DiPalma notes that a potential risk could be a compression in valuation multiples if revenue growth slows down.
According to TipRanks, DiPalma is an analyst with an average return of -21.4% and a 53.70% success rate. DiPalma covers the Technology sector, focusing on stocks such as Palantir Technologies, Parsons, and Caci International.
In another report released on February 14, Bank of America Securities also reiterated a Buy rating on the stock with a $520.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com