Macom price target raised to $105 from $80 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Macom to $105 from $80 and keeps an Overweight rating on the shares. The analyst rolled out 2025 numbers across the semiconductor and semi cap equipment space and prefers names levered to the “2nd Wave” of artificial intelligence. The target change is part of the firm’s 2024 outlook.