MACOM Technology Solutions Holdings, Inc. (MTSI) stock soared 5.40% during intraday trading on Friday, reflecting strong positive momentum in the market.
The significant price increase appears to be driven by a wave of bullish analyst actions. Multiple financial institutions including Jefferies, JP Morgan, TD Cowen, Benchmark, Stifel, and Truist Securities have raised their price targets for the semiconductor company. Jefferies increased its target to $295 from $260, JP Morgan raised to $240 from $165, TD Cowen lifted to $265 from $245, Benchmark boosted to $260 from $160, and Truist Securities raised to $261 from $200.
These coordinated analyst upgrades reflect growing optimism about MACOM Technology's business prospects, particularly in the datacenter segment. Benchmark specifically noted seeing "inflecting datacenter" opportunities for the company, contributing to the positive sentiment that prompted increased buying activity during the trading session.
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