Casa Systems price target raised to $3 from $2.50 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Casa Systems to $3 from $2.50 and keeps an Equal Weight rating on the shares post the Q4 beat. Improvements in supply chain and mix should boost gross margins back to mid 50s in 2023, but the cable growth story is not expected to materialize this year, the analyst tells investors in a research note.