MACOM Price Target Lifted to $400 on Accelerating Growth, Record Book-to-Bill, and Surging Data Center Demand
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Needham analyst Quinn Bolton has maintained a Buy rating on MACOM Technology Solutions Holdings, raising the price target to $400 due to accelerating growth and strong order momentum. The company exceeded expectations and lifted its fiscal 2026 forecast, driven by robust demand and a record book-to-bill ratio of 1.5. Data center demand is increasing as customers transition to 1.6T optical modules, with a year-over-year growth outlook exceeding 60%. Telecom revenues are expected to grow due to 5G and LEO satellite opportunities, supporting the higher price target. Jefferies also reiterated a Buy rating with a $450 target.
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