Raymond James Maintains Outperform on Marvell Tech, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Marvell Tech (NASDAQ:MRVL) but has reduced the price target from $64 to $62.
December 01, 2023 | 12:42 pm
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Raymond James analyst Srini Pajjuri reaffirms an Outperform rating on Marvell Tech but lowers the price target to $62 from $64.
The reduction in price target by Raymond James may cause some investors to adjust their valuation models for Marvell Tech, potentially leading to short-term price fluctuations. However, since the Outperform rating is maintained, the overall impact might be neutral as the analyst still sees positive performance ahead.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100