
MACOM Technology Solutions (NASDAQ:MTSI) Stock Rating Upgraded by Zacks Research

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Zacks Research upgraded MACOM Technology Solutions (NASDAQ:MTSI) from a "hold" to a "strong-buy" rating. Other brokerages have also raised their price targets, with Stifel Nicolaus setting it at $300, Truist Financial at $375, and Bank of America at $305. Currently, MACOM has an average rating of "Moderate Buy" and a price target of $316.82. The stock opened at $381.55, with a market cap of $29.11 billion. Recent quarterly earnings showed an EPS of $1.09, exceeding estimates. Insiders have sold shares recently, indicating some profit-taking.
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