Barclays Maintains Overweight on Marvell Tech, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $70 to $75.
January 16, 2024 | 5:38 pm
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POSITIVE IMPACT
Barclays analyst Tom O'Malley maintains an Overweight rating on Marvell Tech and raises the price target from $70 to $75, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Tom O'Malley suggests a bullish outlook on Marvell Tech, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100