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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100