Piper Sandler analyst James Fish maintained a Hold rating for Motorola Solutions on October 20, with the company’s shares closing at $448.10.
Fish specializes in the Technology sector, covering notable stocks such as F5 Networks, Motorola Solutions, and Arista Networks. According to TipRanks, Fish has demonstrated an average return of 10.1% and a success rate of 55.69% with his stock recommendations.
The broader market sentiment towards Motorola Solutions suggests a consensus of Strong Buy from analysts, with an average price target of $511.00.
In Motorola Solutions’ most recent earnings release for the quarter ending June 28, the company reported a quarterly revenue of $2.77 billion and a net profit of $513 million. This marks an increase from the previous year, when the company earned $2.63 billion in revenue and netted a profit of $443 million.
However, insider sentiment surrounding the stock has taken a negative turn. A review of insider activity shows that 73 corporate insiders have been selling shares more frequently in recent months. Notably, Gregory Q. Brown, Chairman & CEO of Motorola Solutions, sold 50,000 shares in the past month, totaling $24,174,857.37.