Susquehanna Maintains Positive on Marvell Tech, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has maintained a Positive rating on Marvell Tech (NASDAQ:MRVL) but has reduced the price target from $70 to $65.

December 01, 2023 | 5:32 pm
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NEUTRAL IMPACT
Susquehanna has maintained a Positive rating on Marvell Tech but lowered the price target from $70 to $65, indicating continued confidence but with a slightly reduced growth expectation.
The maintenance of a Positive rating suggests that Susquehanna still has confidence in Marvell Tech's fundamentals and future prospects. However, the reduction in the price target could reflect a reassessment of near-term growth expectations or market conditions, which may lead to a neutral short-term impact on the stock price as the market digests this information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100