William Blair analyst Louie DiPalma has maintained their bullish stance on MSI stock, giving a Buy rating on October 21.
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Louie DiPalma has given his Buy rating due to a combination of factors including Motorola Solutions’ strong financial performance and strategic acquisitions. The company reported third-quarter earnings that surpassed expectations and raised its full-year EPS outlook, indicating robust financial health and growth potential.
Additionally, the acquisition of Silvus, a leader in drone tactical radios, is expected to significantly contribute to Motorola’s revenue, particularly in defense-related projects. The company’s focus on innovative products like the SVX digital assistant and Brinc drones, along with a favorable funding environment for public safety technology, further supports the Buy rating. Motorola’s consistent revenue growth and positive trends in software and services also contribute to maintaining its premium market position.
In another report released on October 21, Evercore ISI also maintained a Buy rating on the stock with a $525.00 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.