OSI Systems (OSIS) PT Raised to $260 at Oppenheimer

Oppenheimer analyst Christopher Glynn raised the price target on OSI Systems (NASDAQ: OSIS) to $260.00 (from $225.00) while maintaining a Outperform rating.

The analyst comments "OSI's record backlog position persisted, even with the significant roll-off of the $500M+ Mexico project (and other meaningful parallel Mexico deployments), with FY3Q25 Mexico sales at ‾$65m vs. $137M in FY3Q24. As OSI continues to book projects to refill+ backlog, also notes a growing pipeline spanning each of cargo (ports/borders), airports, and vital infrastructure/private markets, with much increased diversity in backlog. The $76M international airport win is OSI's largest ever in that vertical, and another indication of increased competitive positioning astride the ongoing pole position for cargo installations. Current budgets under consideration are baselining ‾$1.1B for US CBP spend on border security infrastructure (up from ‾$700M a bit back), and $300M remains from existing dedicated funding. Tariffs should be a positive for O&M market share."

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