M/A-Com Technology Solutions (MTSI): Pullback Is A Buying Opportunity - Needham

October 31, 2016 8:34 AM EDT
Get Alerts MTSI Hot Sheet
Price: $47.13 +2.35%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Needham & Company analyst, Quinn Bolton, reiterated his Buy rating on M/A-COM Technology Solutions (NASDAQ: MTSI) and suggests buying ahead of earnings on Tuesday (11/15).

The analyst believes the multiple drivers of the optical super cycle remain intact: demand from Chinese service providers, hyperscale data center operators and metro build-outs in NA. No change to the price target of $49.

For an analyst ratings summary and ratings history on M/A-COM Technology Solutions click here. For more ratings news on M/A-COM Technology Solutions click here.

Shares of M/A-COM Technology Solutions closed at $36.50 yesterday.

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