The MACOM stock rating was upgraded to Outperform from Market Perform by Raymond James analyst Melissa Fairbanks on October 6, 2023. A $300 price target was also listed, although its effective date and current status were not specified.

MACOM stock rating and price target

The upgrade applied to MACOM Technology Solutions Holdings, whose shares trade under the ticker MTSI. The 2023 date makes the rating change a historical event, not a newly announced upgrade.

The listed $300 target is an analyst estimate, not a guaranteed future share price. The available information does not establish whether Raymond James still has that target or rating in place.

Share price and company products

An accompanying market snapshot listed MACOM shares at $243.58, but did not specify when the price was observed. It should not be assumed to be the price on the upgrade date or the latest market price.

MACOM is a US-based supplier of analog, digital and mixed-signal semiconductor products. Its portfolio includes integrated circuits, multichip modules and components used in telecommunications, industrial systems and defense applications.

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