In a report released today, Adam Tindle from Raymond James maintained a Buy rating on Motorola Solutions (MSI), with a price target of $136. The company’s shares opened today at $133.79, close to its 52-week high of $133.83.
According to TipRanks.com, Tindle has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 44.4% success rate. Tindle covers the Technology sector, focusing on stocks such as Arlo Technologies Inc, Sonos Inc, and CDW Corp.
Currently, the analyst consensus on Motorola Solutions is a Moderate Buy with an average price target of $138.14.
Based on Motorola Solutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.86 billion and net profit of $247 million. In comparison, last year the company earned revenue of $1.65 billion and had a net profit of $212 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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Motorola Solutions, Inc. engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the Products and Services segments. The Products segment offers an extensive portfolio of infrastructure, devices, accessories, and software.