William Blair analyst Louie DiPalma has maintained their bullish stance on MSI stock, giving a Buy rating on April 29.
Louie DiPalma has given his Buy rating due to a combination of factors, including Motorola Solutions’ strong position as the leading global provider of public safety technology. The company’s recent product launches, such as SVX, AI Assist, and drone-as-a-first-responder, have been well-received and are expected to drive future revenue growth despite a current year slowdown.
Furthermore, DiPalma is optimistic about Motorola’s ability to execute its strategy, supported by a favorable funding environment for public safety technology and ongoing positive business trends. The early stages of the APX NEXT upgrade cycle and the shift towards cloud solutions present additional growth opportunities. DiPalma believes that Motorola’s industry leadership will allow it to sustain its premium valuation range.
In another report released on April 29, Barclays also maintained a Buy rating on the stock with a $527.00 price target.