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Analysts Offer Insights on Technology Companies: Maxlinear (MXL) and Tyler Technologies (TYL)

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There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Maxlinear (MXLResearch Report) and Tyler Technologies (TYLResearch Report) with bullish sentiments.

Maxlinear (MXL)

Needham analyst Quinn Bolton maintained a Buy rating on Maxlinear today and set a price target of $65.00. The company’s shares closed last Wednesday at $43.99.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 44.0% and a 67.7% success rate. Bolton covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Rockley Photonics Holdings, and Axcelis Technologies.

Maxlinear has an analyst consensus of Strong Buy, with a price target consensus of $69.13, which is a 59.5% upside from current levels. In a report released today, Wells Fargo also upgraded the stock to Buy with a $66.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Tyler Technologies (TYL)

In a report released today, Scott Berg from Needham maintained a Buy rating on Tyler Technologies, with a price target of $575.00. The company’s shares closed last Wednesday at $370.50, close to its 52-week low of $368.72.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 12.2% and a 47.1% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Bill.com Holdings.

Tyler Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $516.67, representing a 37.7% upside. In a report issued on April 18, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $520.00 price target.

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