Motorola Solutions Q4 results topped expectations supported by strength in the Silvus acquisition and land mobile radio business, Morgan Stanley said in a Thursday note.

Upside was driven primarily by mission critical networks and Silvus revenue outperforming expectations by about $10 million, the firm said.

For 2026, the firm raised its Silvus revenue forecast by about $75 million to $675 million, while video security and command center businesses are expected to sustain double-digit growth.

The analysts also noted the company has released new products into the market and is well positioned to convert installed base to newer software offerings and monetize AI opportunities.

The firm raised its 2026 adjusted EPS and revenue estimates to $16.78 and $12.69 billion, respectively.

Morgan Stanley maintained its overweight rating on Motorola Solutions and raised its price target to $470 from $436.

Shares of Motorola Solutions were up nearly 11% in recent Thursday trading.

Price: 469.12, Change: +47.99, Percent Change: +11.39