Benchmark Reiterates Buy on Marvell Tech, Maintains $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Cody Acree has reiterated a Buy rating on Marvell Technology (NASDAQ:MRVL) and maintained a $75 price target for the company's stock.
December 01, 2023 | 5:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Benchmark analyst Cody Acree reaffirmed a Buy rating on Marvell Technology and kept the price target at $75, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a Benchmark analyst, along with the maintenance of a $75 price target, suggests a strong vote of confidence in Marvell Technology's stock performance. This endorsement from an industry analyst could positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100