Needham raised its price target for MaxLinear (NASDAQ:MXL) to $100 from $60. The firm maintained a Buy rating on the stock. This 67% target increase follows a second-quarter earnings report that surpassed analyst expectations.
Surging demand for optical Digital Signal Processors (DSPs) in data centers drove the revision. MaxLinear raised its 2026 revenue forecast for its optical data center segment.
The company cited strong momentum from 800G product deployments. MaxLinear is also reporting market share gains with major customers.