Analysts Offer Insights on Consumer Goods Companies: MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) and Plantronics (NYSE: PLT)

By Austin Angelo

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on MACOM Technology Solutions Holdings Inc (MTSIResearch Report) and Plantronics (PLTResearch Report) with bullish sentiments.

MACOM Technology Solutions Holdings Inc (MTSI)

In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on MACOM Technology Solutions Holdings Inc, with a price target of $17.50. The company’s shares closed yesterday at $14.42, close to its 52-week low of $12.33.

According to TipRanks.com, Savageaux is a 2-star analyst with an average return of 0.2% and a 45.3% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as DASAN Zhone Solutions Inc, Applied Optoelectronics, and Communications Systems.

MACOM Technology Solutions Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $16.94.

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Plantronics (PLT)

Northland Securities analyst Michael Latimore maintained a Buy rating on Plantronics today and set a price target of $85. The company’s shares closed yesterday at $41.69.

Latimore wrote:

“We hosted a call with PLT’s relatively new CFO yesterday. He highlighted PLT’s strong portfolio and market opportunity as reasons he joined the company. Sees a video product refresh and UC/cloud growth as key revenue drivers. Noted China tariffs could cause less buying among China customers and Europe distributor consolidation is occurring this qtr. Sees an ability to pay off $150 mil of debt by year end, and materially growing huddle room business.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 12.6% and a 54.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plantronics with a $76 average price target.

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