Goldman Sachs Maintains Buy on Marvell Tech, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $74 to $84. This adjustment reflects a positive outlook on the company's future performance.
March 08, 2024 | 11:32 am
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Goldman Sachs maintains a Buy rating on Marvell Tech and raises the price target from $74 to $84, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst such as Goldman Sachs typically signals a strong conviction in the company's future growth and performance. This endorsement can positively influence investor sentiment and potentially drive up the stock price in the short term.
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