Oppenheimer Reiterates Outperform on Marvell Tech, Maintains $70 Price Target
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Rick Schafer has reiterated an Outperform rating on Marvell Tech (NASDAQ:MRVL) and maintained a $70 price target.
August 25, 2023 | 12:44 pm
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POSITIVE IMPACT
Marvell Tech's stock is likely to be positively impacted by Oppenheimer's reiterated Outperform rating and maintained $70 price target.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Oppenheimer's reiterated Outperform rating and maintained $70 price target for Marvell Tech indicates a positive outlook for the company, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100