Analyst Tomer Zilberman of Bank of America Securities reiterated a Buy rating on Motorola Solutions (MSI – Research Report), with a price target of $370.00.
Tomer Zilberman has given his Buy rating due to a combination of factors, including robust fourth-quarter results and the potential for growth acceleration. Motorola Solutions ended the year strongly, with revenue growth surpassing expectations, particularly in Land Mobile Radio Communications and the Software & Services segment of Video Security. The company’s margins met the market’s expectations, and net earnings per share exceeded consensus estimates when accounting for tax impacts. Furthermore, management’s conservative revenue guidance increase for the upcoming fiscal year, mostly driven by a significant beat in first-quarter revenue expectations, indicates room for future upward revisions.
Zilberman’s optimism is further supported by Motorola Solutions’ strong performance in specific sectors and the overall positive backlog trends, which suggest a solid order pipeline. The substantial year-over-year growth in the Software & Services portion of Video Security, driven by the cloud-enabled Avigilon Alta platform, and the outperformance of Land Mobile Radio growth against market expectations are key highlights. Additionally, with a robust operating cash flow forecast and a healthy debt-to-EBITDA ratio, Zilberman believes that the company is well-positioned to continue its mergers and acquisitions strategy, thereby potentially enhancing shareholder value. These factors collectively contribute to the Buy rating and the price objective of $370.00.
In another report released on February 7, Barclays also maintained a Buy rating on the stock with a $352.00 price target.
See the top stocks recommended by analysts >>
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
Motorola Solutions (MSI) Company Description:
Illinois-based Motorola Solutions, Inc. is a communications equipment company, which provides communication infrastructure, devices, accessories, software and services. It operates through two segments: Products and Systems Integration, and Services and Software.
Read More on MSI:
