Susquehanna lowered the firm’s price target on MaxLinear (MXL) to $23 from $25 and keeps a Neutral rating on the shares. The firm said despite better results/guidance, softer Infra perhaps left investors looking for more optical/AI upside. Guidance suggests continued growth off the bottom.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MXL: