Macom price target raised to $82 from $75 at Stifel

Stifel raised the firm’s price target on Macom to $82 from $75 and keeps a Buy rating on the shares after having hosted investor meetings with management and executives at OFC 2023. Macom’s "PURE DRIVE" solutions eliminate the Digital Signal Processor, or DSP, for a range of 100G/lane applications, and "one of the hot topics from OFC 2023, particularly on the component side," was if PAM-4 DSPs were no longer needed in optical interconnects, the analyst explains to investors.