Stifel Maintains Buy on Marvell Tech, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $56 to $65.

May 26, 2023 | 11:27 am
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POSITIVE IMPACT
Stifel analyst Tore Svanberg maintains a Buy rating on Marvell Tech and raises the price target from $56 to $65.
The news of Stifel maintaining a Buy rating on Marvell Tech and raising the price target from $56 to $65 is positive for the company's stock price. This indicates that the analyst has a bullish outlook on the company's performance and expects the stock price to rise in the short term. The relevance and importance of this news are high for investors in MRVL, as it directly affects their investment decisions. The confidence in this analysis is high, as it is based on the expert opinion of a Stifel analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100