As previously reported, Craig-Hallum analyst Richard Shannon upgraded Macom to Buy from Hold and raised his price target on the shares to $25 from $17. The analyst now has confidence in the efficacy of the GaN/Si technology, which has only increased in the last quarter based on significant commitments from STMicro and Goertek. With Data Center likely bottomed out, the stock down 80% over the past two years, and a neutral sell-side rating profile, he thinks the near-term risks are limited. Overall, Shannon believes the upside potential is "too great," and the near-term company-specific risks quite limited.