Needham Reiterates Buy on Marvell Tech, Maintains $65 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Quinn Bolton has reiterated a 'Buy' rating on Marvell Tech (NASDAQ:MRVL) and maintained a price target of $65.
August 25, 2023 | 11:37 am
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Marvell Tech's stock rating has been reiterated as 'Buy' by Needham analyst Quinn Bolton, with a maintained price target of $65.
The reiteration of a 'Buy' rating by a reputable analyst like Quinn Bolton indicates a positive outlook for Marvell Tech. The maintained price target of $65 suggests that the analyst believes the stock is still undervalued, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100