Barclays has revised its price target for Macom Technology Solutions Holdings, Inc. (MTSI, Financial), reducing it from $160 to $125. Despite this adjustment, the firm maintains an Overweight rating on the stock.
This update comes ahead of Macom's first-quarter earnings announcement, with the firm adjusting its semiconductor and semiconductor capital equipment models. The modifications reflect the impact of tariffs and ongoing trade tensions, particularly concerning China and consumer markets. These factors have led to a reassessment of target multiples, informing the revised price target.
