Macom price target raised to $185 from $155 at Stifel

Stifel analyst Tore Svanberg raised the firm’s price target on Macom (MTSI) to $185 from $155 and keeps a Buy rating on the shares. Q4 sales came in above the midpoint of guidance, and 1.4% higher than the firm’s $260M estimate, with the Street roughly in-line at $260.2M, the analyst tells investors in a research note. The firm believes FY26 could represent a year in which Macom demonstrates continued growth across its three end markets, positioning the company to achieve over $1B in sales for the first fiscal year in its history.