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Northland Securities Sticks to Its Buy Rating for Maxlinear (MXL)

Tipranks - Tipranks - Sat Jan 31, 8:16AM CST

Northland Securities analyst Tim Savageaux reiterated a Buy rating on Maxlinear today and set a price target of $27.50.

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Savageaux covers the Technology sector, focusing on stocks such as AXT, Ouster, and Adtran. According to TipRanks, Savageaux has an average return of 27.7% and a 59.18% success rate on recommended stocks.

In addition to Northland Securities, Maxlinear also received a Buy from Benchmark Co.’s David Williams in a report issued today. However, on the same day, Roth MKM maintained a Hold rating on Maxlinear (NASDAQ: MXL).

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Based on Maxlinear’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $136.44 million and a GAAP net loss of $14.9 million. In comparison, last year the company earned a revenue of $92.17 million and had a GAAP net loss of $57.84 million

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