JP Morgan Maintains Overweight on Marvell Tech, Raises Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Harlan Sur maintains an Overweight rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $60 to $70.
May 26, 2023 | 2:08 pm
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JP Morgan analyst Harlan Sur maintains an Overweight rating on Marvell Tech and raises the price target from $60 to $70.
The news of JP Morgan maintaining an Overweight rating on Marvell Tech and raising the price target from $60 to $70 is positive for the company. This indicates that the analyst has a bullish outlook on the stock, which could lead to increased investor confidence and potentially drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100