Wells Fargo Maintains Overweight on Marvell Tech, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $54 to $65.
May 26, 2023 | 11:40 am
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POSITIVE IMPACT
Wells Fargo maintains an Overweight rating on Marvell Tech and raises the price target from $54 to $65.
The news of Wells Fargo maintaining an Overweight rating on Marvell Tech and raising the price target from $54 to $65 indicates a positive outlook for the company. This is likely to have a positive impact on the stock price in the short term as it shows confidence in the company's performance and potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100