Stifel Reiterates Buy on Marvell Tech, Raises Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has reiterated a Buy rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $72 to $86, indicating a positive outlook on the company's future performance.
March 08, 2024 | 3:43 pm
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Stifel analyst Tore Svanberg reiterates a Buy rating on Marvell Tech and raises the price target from $72 to $86.
The reiteration of a Buy rating combined with an increased price target from a reputable analyst like Tore Svanberg suggests a strong confidence in Marvell Tech's future performance. This is likely to positively influence investor sentiment and could lead to an uptick in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100