According to CNBC, BMO Capital Markets upgraded MACOM Technology Solutions to outperform from market perform and kept its price target at $335 per share, implying 27% upside from Thursday's close. Analyst Harsh Kumar said valuations have become attractive as forward multiples fell from the high-50s in June to 29x, and said fundamentals have stayed solid on demand from datacenter and industrial/defense markets, with defense resilient and space becoming a material growth contributor next year. The bank said MACOM's data center business could benefit as hyperscalers, cloud service providers and AI labs direct more spending toward AI compute and networking infrastructure. It also said revenue from the data center vertical is expected to grow 70% in fiscal 2026, after a 47% increase in the prior fiscal year. Shares of MACOM have fallen about 30% over the past three months and trade more than 30% below their late-May peak of $418.90. LSEG data show 13 of 18 analysts covering MACOM rate the stock buy or strong buy, while five rate it hold.