Stifel Raises Price Target on MaxLinear, Inc. (MXL)

MaxLinear, Inc. (NASDAQ:MXL) is among the 10 Best Under-the-Radar Stocks to Invest In.

On June 29, Stifel raised its price target on MaxLinear, Inc. (NASDAQ:MXL) to $110 from $105. The firm maintained a “Buy” rating on the shares after meeting with the company’s management, including its CEO and CFO. Analyst Tore Svanberg said management outlined a strategy centered on growing MaxLinear’s data center portfolio. The firm reaffirmed its long-term objective of building a $3 billion infrastructure business.

On June 3, MaxLinear, Inc. (NASDAQ:MXL) and Los Alamos National Laboratory announced a collaboration to develop “hardware-accelerated” OpenZFS storage for high-performance computing environments.

Senior Director for Computing Technologies at the laboratory, Gary Grider, said the collaboration showed hardware-offloaded ZFS operations, delivering approximately 39 times faster write speeds and 7 times faster read speeds.

Stifel Raises Price Target on MaxLinear, Inc. (MXL)

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Vikas Choudhary, MaxLinear’s Executive Vice President of Connectivity and Storage, said the Panther Storage Accelerators provide hardware-accelerated data compression, protection, and scalable storage. It also preserves ZFS data integrity.

MaxLinear, Inc. (NASDAQ:MXL) works in the provision of communications systems-on-chip solutions used in broadband, mobile, and wireline infrastructure, data center, and industrial and multi-market applications.

While we acknowledge the risk and potential of MXL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MXL and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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