Needham Reiterates Buy on MaxLinear, Maintains $34 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Quinn Bolton has reiterated a 'Buy' rating on MaxLinear (NASDAQ:MXL) and maintained a price target of $34.
July 27, 2023 | 11:16 am
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MaxLinear's stock rating has been reiterated as 'Buy' by Needham analyst Quinn Bolton, with a maintained price target of $34.
The reiteration of a 'Buy' rating by a reputable analyst like Quinn Bolton from Needham is a positive signal for MaxLinear. The maintained price target of $34 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100