
MaxLinear (MXL) Stock Forecast & Price Target
MaxLinear (MXL) Analyst Ratings
Bulls say
MaxLinear Inc. is experiencing a notable improvement in its bookings and backlog, with the fourth quarter of 2024 showcasing the highest backlog level for the year. The company's Keystone PAM4 DSP solution for high-speed optical data center connectivity has significantly outperformed expectations, reporting close to $40 million in sales and over 1 million units shipped for 2024. Additionally, optical revenue is projected to nearly double year-over-year in calendar year 2025, driven by strong demand dynamics and a ramp-up in production from major customers, further enhancing the company's future visibility and growth prospects.
Bears say
MaxLinear is experiencing a notable decline in its cash balance, which decreased by approximately $30 million in the quarter, bringing the total cash to around $119 million, indicating potential liquidity concerns. The company's expectations for combined revenue may be negatively affected due to the apprehensive adherence to lead times from customers and the possible slower adoption of its PAM4 solution. Additionally, while operating expenses are projected to decrease due to implemented cost reductions, this does not fully mitigate the risk of lower revenue and earnings estimates that could arise from the aforementioned factors.
This aggregate rating is based on analysts' research of MaxLinear and is not a guaranteed prediction by Public.com or investment advice.
MaxLinear (MXL) Analyst Forecast & Price Prediction
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