JP Morgan Maintains Overweight on Marvell Tech, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained an Overweight rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $70 to $90.
March 08, 2024 | 11:27 am
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POSITIVE IMPACT
JP Morgan analyst Harlan Sur has reaffirmed an Overweight rating on Marvell Tech and raised the price target from $70 to $90.
The increase in price target by a reputable analyst like Harlan Sur from JP Morgan is a strong positive signal for Marvell Tech. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100