Keybanc Maintains Overweight Rating for Marvell Tech: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating for Marvell Tech (NASDAQ:MRVL) and increased its price target from $70.00 to $80.00. This new target price represents a potential increase of 31.21% from the current share price. Marvell Tech's shares have risen by 1.13% over the last 24 hours.
July 11, 2023 | 5:01 pm
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Keybanc has maintained its Overweight rating for Marvell Tech and raised its price target, indicating a positive outlook for the company. The stock has also seen a slight increase in the last 24 hours.
The maintenance of the Overweight rating and the increase in price target by Keybanc indicates a positive outlook for Marvell Tech. This could potentially lead to an increase in the stock's price in the short term. The recent 1.13% increase in the stock's price also supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100