M/A-Com Technology Solutions (MTSI): Pullback Is A Buying Opportunity - Needham
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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.
Shares of M/A-COM Technology Solutions closed at $36.50 yesterday.
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