Needham Maintains Buy on Marvell Tech, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a Buy rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $65 to $95. This adjustment reflects a positive outlook on the company's future performance.
March 08, 2024 | 2:55 pm
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Needham analyst Quinn Bolton reaffirmed a Buy rating on Marvell Tech and raised the price target from $65 to $95, indicating a strong positive outlook on the company.
The increase in price target from $65 to $95 by a reputable analyst suggests a strong conviction in Marvell Tech's future growth and performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100