Roth MKM Downgrades MaxLinear to Neutral, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva has downgraded MaxLinear (NASDAQ:MXL) from Buy to Neutral and lowered the price target from $35 to $18.
October 26, 2023 | 9:09 am
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NEGATIVE IMPACT
MaxLinear has been downgraded from Buy to Neutral by Roth MKM, and its price target has been lowered from $35 to $18.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a decrease in the stock price. The lowering of the price target from $35 to $18 also suggests that the analyst believes the stock is overvalued at its current price, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100