Wells Fargo Maintains Overweight on Marvell Tech, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Marvell Tech (MRVL) and raises the price target from $80 to $90.
March 08, 2024 | 12:27 pm
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Wells Fargo analyst Gary Mobley maintains an Overweight rating on Marvell Tech and raises the price target from $80 to $90.
The increase in price target by a reputable analyst like Gary Mobley from Wells Fargo is a strong positive signal for Marvell Tech. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100