Loop Capital lowered the firm’s price target on MaxLinear (MXL) to $10 from $18 and keeps a Hold rating on the shares after its Q1 results. The company delivered a very solid print and guide, while commenting that they are not seeing any impact to bookings from macro and that customer tone remains very constructive. MaxLinear also continues anticipating its optical business revenue to double y/y to $60M-$70M in FY25, driven by customer demand for its Keystone and Rushmore product families, Loop added.
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