MACOM Technology shares rise 5.36% intraday after Benchmark and others raise price targets to $260-$255, citing strong Q1 revenue and profit growth.

MACOM Technology Solutions (NASDAQ:MTSI) surged 5.36% intraday after multiple analysts raised price targets and the company reported strong earnings. Benchmark upgraded its target to $260 from $190, while Truist and others cited a mean price target of $255.73, all maintaining "Buy" or "Overweight" ratings. Concurrently, Q1 2026 results showed revenue rising to $271.6 million (up 25% year-over-year) and a profit of $0.65 EPS, reversing a prior-year loss. The stock also reached an all-time high of $238.63, reflecting renewed confidence in its profitability and growth trajectory. Analyst upgrades and improved financial performance aligned to drive the sharp intraday rally.