Jefferies Maintains Buy on Marvell Tech, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Mark Lipacis maintains a Buy rating on Marvell Tech (MRVL) and raises the price target from $68 to $98.

March 08, 2024 | 11:58 am
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Jefferies analyst Mark Lipacis maintains a Buy rating on Marvell Tech and raises the price target from $68 to $98.
The upgrade in price target by a reputable analyst like Mark Lipacis from Jefferies 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. Such analyst actions often lead to short-term positive momentum in the stock price as market participants adjust their expectations based on the new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100