MACOM Technology Surpasses Analyst Target: What Comes Next?
Recently, shares of MACOM Technology Solutions Holdings Inc (Symbol: MTSI) have risen above the average analyst 12-month target price of $117.27, currently trading at $121.70 per share. When a stock hits its target, analysts typically have two choices: either downgrade the stock due to valuation concerns or raise their target price. How analysts respond can hinge on the company’s recent performance and future outlook.
Within the Zacks coverage universe, there are 11 analyst targets contributing to MACOM’s average. The average reflects a combination of different viewpoints. For instance, while one analyst has set a target at $85.00, another is optimistic with a target of $135.00. The standard deviation in these targets is $14.553.
The purpose of examining the average price target is to harness a collective wisdom, gathering insights from multiple analysts rather than relying on a single opinion. With MTSI exceeding $117.27, investors are prompted to reconsider their positions: Is this just a temporary hurdle on the way to a higher target, or are valuations becoming too stretched to justify holding onto their shares? Below is a summary of recent analyst ratings for MACOM Technology Solutions Holdings Inc:
| Recent MTSI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 7 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.75 | 1.75 | 1.69 | 1.69 |
The average rating in the table ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on MTSI — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
