Needham Reiterates Buy on Marvell Tech, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has reiterated a Buy rating on Marvell Tech (NASDAQ:MRVL) and maintained a $65 price target on the company's stock.

December 01, 2023 | 12:29 pm
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POSITIVE IMPACT
Needham analyst Quinn Bolton reiterates a Buy rating on Marvell Tech with a maintained price target of $65, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a reputable analyst like Quinn Bolton from Needham tends to instill confidence in investors and can lead to a positive short term impact on the stock price. The maintenance of the $65 price target suggests that the analyst's positive view on the company's future performance has not changed, which could further bolster investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100