Macom price target raised to $260 from $220 at BofA

Group 1 - Bank of America raised the price target on Macom (MTSI) to $260 from $220 while maintaining a Buy rating on the shares [1] - The firm increased price targets for most of its diversified analog semiconductor stock coverage, anticipating modest calendar Q4 beats and Q1 raises across the board [1] - The expected growth is driven by ongoing rebounds across most subsegments, favorable pricing, and robust growth in strategic AI businesses [1]