How To Earn $500 A Month From Marvell Technology Stock
Portfolio Pulse from Priya Nigam
Marvell Technology, Inc. (NASDAQ:MRVL) reported Q2 earnings of 33 cents per share, beating the analyst consensus estimate of 32 cents. The company also reported quarterly sales of $1.34 billion, surpassing the analyst consensus estimate of $1.33 billion. However, the company's shares traded lower after Morgan Stanley cut the price target from $68 to $65. B. Riley Securities raised the price target from $75 to $77. The article also discusses how investors can earn a regular monthly income from Marvell's dividend yield.
August 28, 2023 | 12:39 pm
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NEGATIVE IMPACT
Despite beating Q2 earnings and sales estimates, Marvell Technology's shares traded lower. This could be due to Morgan Stanley's price target cut. However, B. Riley Securities raised their price target, indicating a potential positive outlook.
Marvell Technology's Q2 earnings beat could have been a positive catalyst for the stock. However, the price target cut by Morgan Stanley might have led to the stock trading lower. On the other hand, B. Riley Securities' price target raise could indicate a positive outlook, potentially offsetting some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100