Marvell Technology shares are trading higher after UBS raised its price target on the stock from $70 to $83.
Portfolio Pulse from Benzinga Newsdesk
Marvell Technology's stock price increased following an upgrade by UBS, which raised its price target from $70 to $83.
February 27, 2024 | 3:21 pm
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Marvell Technology's stock price is likely to experience a short-term increase following UBS's price target upgrade from $70 to $83.
The upgrade in price target by a reputable financial institution like UBS directly impacts investor sentiment and market perception of Marvell Technology, likely leading to a short-term increase in its stock price. This is because price target adjustments are closely watched by investors as indicators of a stock's future performance.
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IMPORTANCE 90
RELEVANCE 100