Goldman Sachs Maintains Buy on Marvell Tech, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $74 to $84.
March 11, 2024 | 1:15 pm
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Goldman Sachs maintains a Buy rating on Marvell Tech and raises the price target from $74 to $84.
The upgrade in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100