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Evercore ISI Group Cuts MACOM Technology Price Target to $227

OpinionRead the original at moomoo.com
Bad for MTSI

Evercore cut its price target for MACOM from $475 to $227 per share, signaling a much weaker view of its shares. The report gives no new company results, but the sharp cut makes the news unfavorable.

MTSI · MACOM Technology Solutions Holdings, Inc.

AI read · Bad for MTSI

The AI's read

The cut points to a much lower view of what MACOM shares are worth. It comes from one research firm, not a report of weaker sales or profits. Still, it signals a less favorable view of the shares.

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