Valued at a market cap of $70.8 billion, Motorola Solutions, Inc. (MSI) is a leading American technology company headquartered in Chicago, Illinois. Established in 2011, it focuses on mission-critical communications and security solutions for public safety and enterprise sectors worldwide.

Shares of MSI have outperformed the broader market considerably over the past year. MSI has gained 15.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.5%. However, in 2025, MSI stock is down 8%, lagging behind the SPX’s 1.4% rise on a YTD basis. 

Narrowing the focus, MSI has underperformed the SPDR S&P Telecom ETF (XTL). The exchange-traded fund has gained about 39.9% over the past year but dipped 1.5% in 2025.

On May 1, Motorola Solutions delivered strong first-quarter results with record revenue of $2.5 billion, up 6% year over year, driven by robust demand in North America. The company reported a 13% rise in non-GAAP EPS to $3.18 and significant growth in operating cash flow to $510 million. 

However, its shares slipped more than 7% in the next trading session as investors were unimpressed with management’s soft guidance for the next quarter. 

For the current fiscal year, ending in December, analysts expect MSI’s EPS to grow 6.1% to $13.50 on a diluted basis. The company’s earnings surprise history is impressive. It exceeded the consensus estimate in each of the last four quarters.

Among the 11 analysts covering MSI stock, the consensus is a “Moderate Buy.” That’s based on seven “Strong Buy” ratings, one “Moderate Buy,” and three “Holds.” 

The configuration is less bullish than a month ago, when eight analysts appointed “Strong Buy” for the stock. 

On May 5, Barclays plc (BCS) reduced its price target for Motorola Solutions from $527 to $511 while maintaining an “Overweight” rating on the stock. In a research note, the analyst highlighted that the company reaffirmed its full-year 2025 outlook, despite issuing slightly softer guidance for Q2. Barclays also noted that management reported stable demand conditions, with a modestly higher-than-usual drawdown in product backlog compared to typical seasonal trends.

The mean price target of $505.25 represents an 18.8% premium to MSI’s current price levels. The Street-high price target of $520 suggests an upside potential of 22.3%.