MACOM Technology Solutions (MTSI) Highlighted as Top Small Cap Pick - Piper Sandler

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $70.00 price target on MACOM Technology Solutions (NASDAQ: MTSI) highlighting the company as his top small-cap pick heading into the second half of the calendar year.

The analyst stated "We feel the company is well positioned to drive strong growth over the next several quarters, as multiple new product launches supplement broader end-market improvements. Specifically, the launch of telecom lasers, data center lasers, and analog PAM4 products in the near-to-mid term represents incremental revenue opportunities. In addition, we see strong broader trends across the data center, telecom, and industrial markets as we enter the back half of the calendar year. On top of these growth dynamics, we feel our gross margin estimates could prove to be conservative, as management continues to drive expansion. Overall, we like the set-up entering the second half and would be strong buyers at current levels."

For an analyst ratings summary and ratings history on MACOM Technology Solutions click here. For more ratings news on MACOM Technology Solutions click here.

Shares of MACOM Technology Solutions closed at $60.50 yesterday.

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