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MXL Crosses Above Average Analyst Target

In recent trading, shares of MaxLinear Inc (MXL) have crossed above the average analyst 12-month target price of $16.17, changing hands for $17.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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MaxLinear, Inc (MXL)