Roth MKM Maintains Buy on Marvell Tech, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on Marvell Tech (MRVL) and raises the price target from $60 to $95, indicating a positive outlook on the company's stock.
March 08, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Roth MKM analyst Suji Desilva maintains a Buy rating on Marvell Tech and raises the price target from $60 to $95, showing strong confidence in the company's future performance.
The increase in price target from $60 to $95 by a reputable analyst indicates a strong bullish sentiment towards Marvell Tech's stock. Such a significant adjustment suggests that the analyst sees substantial growth potential or positive developments in the company's future, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100