Oppenheimer Reiterates Outperform on Marvell Tech, Maintains $70 Price Target
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Rick Schafer reiterates an Outperform rating on Marvell Tech (NASDAQ:MRVL) and maintains a $70 price target.
May 26, 2023 | 1:08 pm
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Oppenheimer analyst Rick Schafer reiterates an Outperform rating on Marvell Tech and maintains a $70 price target.
The reiteration of the Outperform rating and maintenance of the $70 price target by Oppenheimer analyst Rick Schafer indicates a positive outlook for Marvell Tech. This news 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