Roth Capital analyst Suji Desilva upgraded MaxLinear (MXL) to Buy from Neutral with a price target of $60, up from $18. The company reported Q1 and guided Q2 revenue well ahead of consensus, reflecting its accelerating optical infrastructure momentum, the analyst tells investors in a research note. Roth believes MaxLinear has “significant multi-quarter growth visibility” and is positioned to participate in AI infrastructure growth. It says the company is positioned for multi-quarter optical product growth.
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