UBS analyst Andrew Spinola has maintained their bullish stance on MSI stock, giving a Buy rating today.
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Andrew Spinola has given his Buy rating due to a combination of factors including Motorola Solutions’ solid financial outlook and performance. The company reported Q3 revenue slightly above expectations at $3.01 billion, driven by strong performance from Silvus, which is expected to continue its growth trajectory and contribute significantly to future earnings. The F26 revenue outlook of $12.6 billion, up 8% year-over-year, was a positive surprise, alleviating concerns about meeting consensus estimates.
Moreover, the company’s backlog has increased, indicating strong demand, and there is notable growth in their SVX and APX Next applications. These factors, along with a reiterated F25 guidance and an unchanged price target of $510, underpin Spinola’s confidence in the company’s continued growth and justify the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $495.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSI in relation to earlier this year.