MACOM Technology Solutions Holdings, Inc. (MTSI) saw its stock price soar 5.24% during intraday trading on Friday.
The surge follows positive analyst actions, including TD Cowen raising its price target on the stock from $265 to $285 and Loop Capital initiating coverage with a Buy rating.
These bullish assessments from analysts have boosted investor confidence in the semiconductor company's prospects, driving the stock higher.
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