Morgan Stanley Maintains Equal-Weight on Marvell Tech, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $55 to $68.
June 16, 2023 | 1:02 pm
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Morgan Stanley maintains an Equal-Weight rating on Marvell Tech and raises the price target from $55 to $68.
The raised price target by Morgan Stanley analyst Joseph Moore indicates a positive outlook for Marvell Tech's stock price in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the increased price target implies potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100