Citigroup Reiterates Buy on Marvell Tech, Maintains $91 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has reiterated a Buy rating on Marvell Tech (NASDAQ:MRVL) and maintained a $91 price target on the stock.

March 27, 2024 | 1:53 pm
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Citigroup analyst Atif Malik reiterates a Buy rating on Marvell Tech and maintains a $91 price target.
Analyst ratings, especially from reputable firms like Citigroup, can significantly influence investor sentiment and stock prices. The reiteration of a Buy rating and a maintained price target of $91, which is likely above the current trading price, suggests a positive outlook for Marvell Tech's stock. This could lead to increased investor confidence and potential upward movement in the stock's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100