MaxLinear shares are trading lower after the company reported worse-than-expected Q3 financial results. Additionally, multiple firms lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
MaxLinear's Q3 financial results were below expectations, leading to a drop in its share price. Several firms have also reduced their price targets for the company's stock.
October 26, 2023 | 2:06 pm
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NEGATIVE IMPACT
MaxLinear's stock price is expected to be negatively impacted in the short term due to disappointing Q3 results and lowered price targets by multiple firms.
MaxLinear's worse-than-expected Q3 financial results have led to a decrease in its share price. Additionally, the lowering of price targets by multiple firms indicates a lack of confidence in the company's short-term performance, which could further depress the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100