Check Out What Whales Are Doing With MRVL
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Marvell Tech (NASDAQ:MRVL), with 57% of detected trades being bearish. The whales have been targeting a price range from $50.0 to $72.5 for Marvell Tech over the last 3 months. The price of MRVL is down -1.64% at $64.3. Stifel downgraded its action to Buy with a price target of $65, Keybanc maintained their Overweight rating with a price target of $80, and Morgan Stanley maintained their Equal-Weight rating with a price target of $68.
July 14, 2023 | 4:19 pm
News sentiment analysis
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Marvell Tech (NASDAQ:MRVL) has seen a bearish stance from investors, with the stock price down -1.64% at $64.3. Analysts have mixed ratings, with Stifel downgrading to Buy with a target of $65, while Keybanc and Morgan Stanley maintained their ratings with targets of $80 and $68 respectively.
The bearish stance from investors, coupled with the stock price decrease, indicates a negative short-term impact. The mixed analyst ratings further add to the uncertainty around the stock's performance. However, the high relevance and importance scores reflect the direct impact of this news on MRVL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100