MaxLinear price target raised to $21 from $18 at Roth MKM

Roth MKM raised the firm’s price target on MaxLinear (MXL) to $21 from $18 and keeps a Neutral rating on the shares. The company reported and guided revenue slightly above consensus at the midpoint, reflecting ongoing revenue stability and benefit from optical demand tailwind, the analyst tells investors in a research note. Roth further contends that optical can steadily grow in 2025, representing strong unit increase, while non-optical segments can improve intermediate term, returning MaxLinear to profitability mid-2025.