MACOM Technology Solutions Holdings

MTSI · NASDAQ

$262.94−$2.85 (−1.07%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $265.79

MTSI analyst rating

BuyConsensus of 12 analysts over the last 12 months. 83% rate it a buy.

Strong buy0
Buy10
Hold2
Underperform0
Sell0

12-month price target · 20 analysts

Average $406.42 (+54.6% upside)

Low: $303.00
Now: $262.94
High: $498.75

Upgrades and downgrades

The latest rating actions, newest first

MTSI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Sep 18, 2026	Upgrade	Market Perform → Outperform	$335.00	71%
BMO Capital	Aug 21, 2026	Initiates	Market Perform	$335.00	71%
Evercore ISI Group	Aug 7, 2026	Maintains	Outperform	$427.00 → $475.00	61%
Needham	Aug 6, 2026	Maintains	Buy	$400.00 → $410.00	44%
Susquehanna	Jul 21, 2026	Maintains	Neutral	$350.00 → $300.00	62%
Stifel	Jun 24, 2026	Maintains	Buy	$385.00 → $450.00	62%
Barclays	May 22, 2026	Maintains	Overweight	$400.00 → $450.00	64%
JP Morgan	May 8, 2026	Maintains	Neutral	$240.00 → $345.00	62%
Truist Securities	May 8, 2026	Maintains	Buy	$261.00 → $375.00	75%
Barclays	May 8, 2026	Maintains	Overweight	$265.00 → $400.00	64%

The case for and against

Updated Oct 15, 2026

Bull case

MACOM Technology Solns is positioned for durable fundamental outperformance because its core data center business is benefiting from secular 800G and 1.6T optical demand, while management’s FY27 floor case still implies about 50% Y/Y growth in Data Center and 20%+ in I&D. The company has paired that demand with strong execution, posting $342.2MM of revenue in F3Q26, 59.7% non-GAAP gross margin, and a record 1.6:1 book-to-bill, indicating both backlog quality and continued order momentum. Additional upside comes from expanding photonics, 200G PD volume ramps, a 75MW CW laser slated for late CY27, and growing LEO and defense design wins that broaden the revenue base beyond one cycle.

Bear case

MACOM Technology Solns is viewed negatively because its growth depends on timely product development in a highly competitive semiconductor market, where delays, slower-than-expected adoption, and stronger rivals can erode market share and pricing power. Its financial profile is also vulnerable to gross margin volatility from utilization, yields, materials, and engineering complexity, while heavier reliance on outsourced suppliers with limited long-term contracts reduces control over cost, quality, and delivery. In addition, the company’s history of acquisition integration challenges and the 30.0% insider ownership noted on September 27th, 2019 raise execution and governance risks that could pressure profitability and equity value.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.