Movement Alert｜MACOM Technology Solutions Holdings, Inc. rises 5.04% in Regular Trading, analyst upgrade keeps focus on growth outlook

Market Focus10-27

On October 27, MACOM Technology Solutions Holdings, Inc. rose 5.04% in Regular Trading, trading at $256.21 per share, with turnover of $84.2967 million.

The move coincided with a fresh analyst rating upgrade, as BMO Capital raised MACOM Technology Solutions Holdings, Inc. to outperform from market perform and set a $335 target price, reinforcing investor attention on the company’s growth exposure in data center and high-speed networking.

Earlier supporting context had also turned constructive: Benchmark resumed coverage in August with a buy rating and a $375 target price, while the company’s prior quarterly results topped expectations, with adjusted EPS of $1.40 versus a $1.35 estimate and revenue of $342.237 million versus a $335.389 million estimate. The next earnings release is scheduled for November 5.

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