Skip to main content

Market Overview

UPDATE: Raymond James Upgrades Maxim Integrated Products, Inc. to Strong Buy, Raises PT to $37.00

Share:

In a research note published Monday morning, Raymond James upgraded Maxim Integrated (NASDAQ: MXIM) from Outperform to Strong Buy; the price target was raised from $33 to $37.

Analyst J. Steven Smigie said,"Maxim's gains in the mobile sector have allowed the company to outperform comparables."

Other notable catalyst for both the ratings upgrade and price target increase:

  • Maxim is indicating growing dollar content with Samsung
  • Maxim has among the highest gross margins and should have one of the best revenue growth rates in the mobile sector
  • Maxim's valuation is one of the lowest in the group, which creates a positive risk/reward profile.

Maxim shares are up 2.2 percent to around $30.29 at last check.

Latest Ratings for MXIM

DateFirmActionFromTo
Jan 2021Deutsche BankMaintainsBuy
Oct 2020StifelMaintainsHold
Jul 2020StifelMaintainsHold

View More Analyst Ratings for MXIM
View the Latest Analyst Ratings

 

Related Articles (MXIM)

View Comments and Join the Discussion!

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
FSRMorgan StanleyMaintains40.0
NATJefferiesMaintains2.8
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
PSXMizuhoMaintains96.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com