Needham Reiterates Buy on Marvell Tech, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton reiterates a Buy rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $50 to $65.
May 26, 2023 | 11:09 am
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Needham analyst Quinn Bolton reiterates a Buy rating on Marvell Tech and raises the price target from $50 to $65.
The Needham analyst's reiteration of a Buy rating and an increased price target for Marvell Tech indicates a positive outlook for the company's stock. This news is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100