Why Analysts Are Leaning Bullish on Motorola Solutions, Inc. (MSI)

Motorola Solutions, Inc. (NYSE:MSI) is among the best hardware stocks to buy according to analysts. As of December 8, Motorola Solutions, Inc. (NYSE:MSI) is a consensus Buy, with the majority of analysts covering the stock assigning it a ‘Buy’ or equivalent rating. With a one-year median price target of $510, the stock offers nearly 36% upside. Keeping in mind this bullish outlook, Louie DiPalma, an analyst at William Blair, maintained a ‘Buy’ rating on November 21.

On the same day, Tomer Zilberman from Bank of America Securities also reaffirmed the ‘Buy’ rating on Motorola Solutions, Inc. (NYSE:MSI), citing a number of reasons. According to the analyst, the company has a solid market position and has the potential for further growth. Although the stock has lagged behind the broader market, Zilberman highlighted the company’s strong foothold and rising demand opportunities.

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What’s even more notable is that Motorola Solutions, Inc. (NYSE:MSI) is poised to benefit from government initiatives, mainly in customs and border defense spaces, the analyst noted, adding that this will meaningfully reflect in the coming quarters.

Zilberman attributes his confidence in Motorola Solutions, Inc. (NYSE:MSI) to the Silvus acquisition, the adoption of new product lines, and a favorable valuation. He notes that although the Land Mobile Radio (LMR) segment has experienced declining growth, underlying demand remains strong, with orders up more than 10%.

Motorola Solutions, Inc. (NYSE:MSI) is an Illinois-based provider of public safety and enterprise security solutions. Founded in 1928, the company operates through two segments: Products and Systems Integration, and Software and Services.

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Disclosure: None.