5 Best Performing Growth Stocks So Far in 2026

3. MaxLinear, Inc. (NASDAQ:MXL)

Year-Over-Year Revenue Growth: 40.89%

Year-to-Date Performance: 337.17%

Number of Hedge Fund Holders: 27

MaxLinear, Inc. (NASDAQ:MXL) ranks among the best-performing growth stocks so far in 2026. On June 3, Stifel increased its price target on MaxLinear, Inc. (NASDAQ:MXL) from $49 to $105 while keeping a Buy rating on the stock.

Analyst Tore Svanberg raised the price target after the company participated in Stifel’s 2026 Cross Sector 1-on-1 Conference. MaxLinear, Inc. (NASDAQ:MXL) was represented at the event by Co-Founder, Chairman, CEO and President Kishore Seendripu, along with CFO and Chief Corporate Strategy Officer Steven Litchfield.

The higher price target is based on a 65.0x CY27E price-to-earnings multiple and a 12.6x enterprise value-to-sales multiple. Stifel pointed to the structural rerating of data center and AI-exposed semiconductor companies as one of the reasons for the increase in the price target.

The firm also highlighted positive momentum across MaxLinear, Inc.’s (NASDAQ:MXL) product portfolio and said there could be upside to its current CY27E estimates.

MaxLinear, Inc. (NASDAQ:MXL) is a leading provider of radio frequency (RF), analog, digital and mixed-signal semiconductor products.

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