OSI Systems price target raised to $224 from $178 at Roth MKM

Roth MKM raised the firm’s price target on OSI Systems (OSIS) to $224 from $178 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm cites the company’s bookings strength year-to-date, record backlog, and the management optimism on a highly visible pipeline and strong follow-through on growth after a robust FY24, the analyst tells investors in a research note. A renewed focus on domestic border security also likely leads to significant opportunities for OSI Systems in the coming years, Roth added.