OSI Systems price target raised to $152 from $126 at Roth MKM

Roth MKM analyst Jeff Martin raised the firm’s price target on OSI Systems to $152 from $126 and keeps a Buy rating on the shares after its Q3 results and maintained guidance. The stock represents a high conviction trade given high Security revenue visibility in FY24 revenue and the significant order announcements year-to-date, the analyst tells investors in a research note. Roth MKM adds that OSI backlog remained healthy at $1.5B, up nearly 20% year-to-date.