Northland raised the firm’s price target on MaxLinear (MXL) to $55 from $27.50 and keeps an Outperform rating on the shares. Strong growth in Infrastructure revenue in Q1, up 35% seqentially and 130% year-over-year, led to slightly better results, with another sharp step up in Q2 driving significant upside, the analyst tells investors in a post-earnings note.
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