Northland raised the firm’s price target on Macom (MTSI) to $105 from $85 and keeps a Market Perform rating on the shares following the company’s in line Q4 results and “much stronger than expected” fiscal Q1 guidance. AI Data Center remains a key driver of that growth, with Macom forecasting 15% sequential growth in Q1 datacom revenue, the analyst noted.
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: