Piper Sandler Maintains Overweight on Marvell Tech, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Marvell Tech (NASDAQ:MRVL) but reduced the price target from $75 to $70.

December 01, 2023 | 6:08 pm
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Piper Sandler has reaffirmed its Overweight rating on Marvell Tech but lowered the price target from $75 to $70, indicating a positive outlook with a reduced growth expectation.
While the Overweight rating suggests that Piper Sandler is optimistic about Marvell Tech's future performance, the reduction in the price target may reflect a more conservative view on the company's growth prospects or market conditions. This could lead to a neutral short-term impact on the stock as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100