Stifel reaffirmed its "Buy" rating and a $120 price target on MaxLinear Inc. (NASDAQ:MXL). This reaffirmation followed an investor meeting that highlighted MaxLinear's growth prospects. MaxLinear stock traded around $87.43 at the time of the report.
MaxLinear's positioning in the AI and data center markets supports the analyst's positive outlook. Stifel noted Samsung builds the company's 1.6T DSP (Digital Signal Processor). This provides a diversified supply chain. This offers a key advantage amid tight manufacturing capacity for leading-edge technology.
Stifel has previously expressed a bullish view. The firm raised its target to $120 in July. It reiterated the target in August, citing momentum in data center optical interconnects and overall infrastructure growth. Other firms, including StoneX, recently reiterated "Buy" ratings with similar price targets.