Cantor Fitzgerald Initiates Coverage On Marvell Tech with Overweight Rating, Announces Price Target of $80
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse has initiated coverage on Marvell Tech (NASDAQ:MRVL) with an Overweight rating and set a price target of $80.
January 23, 2024 | 10:19 am
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Cantor Fitzgerald has initiated coverage on Marvell Tech with an Overweight rating and a price target of $80, indicating a positive outlook for the stock.
Analyst ratings, especially from reputable firms like Cantor Fitzgerald, can influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes MRVL will outperform the average market return. The $80 price target represents a significant potential upside from current levels, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100