Craig-Hallum Maintains Buy on MaxLinear, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on MaxLinear (NASDAQ:MXL) but lowers the price target from $28 to $25.
October 24, 2024 | 6:01 pm
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Craig-Hallum has maintained a Buy rating on MaxLinear but reduced the price target from $28 to $25, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in MaxLinear's potential, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100