UBS Maintains Buy on Marvell Tech, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Buy rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $70 to $83.
February 26, 2024 | 3:05 pm
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POSITIVE IMPACT
UBS analyst Timothy Arcuri maintains a Buy rating on Marvell Tech and raises the price target from $70 to $83.
The increase in price target by a reputable analyst like Timothy Arcuri from UBS suggests a strong confidence in Marvell Tech's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100