MaxLinear (MXL) Sees 48% Price Target Increase and Hits Record High
MaxLinear (NASDAQ:MXL) surged to a record high of $37.37 after Stifel raised its price target by 48% to $34, citing optimism about the company's first-quarter revenue growth outlook. The stock closed up 6.21% at $33.70, with Stifel expecting revenue growth of 35.5% to 46% for the quarter.
Topics: earnings outlook market sentiment price target upgrade stock price movement