BMO Capital Markets upgraded MACOM Technology Solutions to Outperform from Market Perform on September 18, while analyst Harsh Kumar maintained a $335 price target. With the shares trading near $263, the target implied about 27% upside. The call followed a roughly 36% decline from the stock’s May 2026 peak, compressing forward price-to-earnings multiples from the high-50s to approximately 29 times. BMO had initiated coverage on August 20-21 with the same target but a neutral Market Perform rating. Kumar said the lower valuation created a more attractive entry point while the company’s core fundamentals remained supported by data-center, industrial and defense demand. MACOM supplies optical, connectivity, analog and radio-frequency components used in AI infrastructure, radar, electronic warfare and other applications. Hyperscalers and cloud service providers continue to invest in AI computing and networking infrastructure, while defense programs can provide comparatively resilient, multi-year demand. Existing estimates called for data-center revenue to grow 70% in fiscal 2026, following 47% growth in the previous fiscal year, with space programs also identified as a potential contributor. Broader analyst data cited in the reports is positive but differs in scope: one dataset covering roughly 15 analysts showed a Moderate Buy consensus, an average target of about $341 and a $190-to-$450 range, while LSEG data previously cited 13 buy or strong-buy ratings and five holds among 18 analysts.