MaxLinear (MXL) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus

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MaxLinear (MXL) PT Raised to $24 at Needham & Company

February 6, 2019 8:03 AM EST

Needham & Company analyst N. Quinn Bolton raised the price target on MaxLinear (NYSE: MXL) to $24.00 (from $20.00) while maintaining a Buy rating.

Bolton commented, "MXL reported solid 4Q18 results and issued 1Q19 revenue guidance in-line with our revised estimates following CES.... More