CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We trim our 12-month target price by $50 to $450, 26.5x our 2026 EPS estimate, in line with its five-year forward average P/E of 26.4x. We raise our 2026 EPS estimate by $0.19 to $16.97 and increase 2027's by $0.38 to $18.49. MSI is experiencing high supply chain costs, including rising memory costs, which are expected to more than double in 2026 compared to the previous year. It is taking actions to mitigate these costs, but they remain a headwind. In addition, there are ongoing tariff headwinds, with projected impacts of $60 million for the year, primarily in the first half. This is due to new tariffs replacing previous ones, and there is continued uncertainty around the broader tariff framework. On the positive side, MSI continues to see sustained global prioritization of public safety, enterprise security, and defense spending, positioning it well for the remainder of the year.