Morgan Stanley Maintains Equal-Weight on Marvell Tech, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $71 to $77.

May 31, 2024 | 12:45 pm
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Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Marvell Tech and raises the price target from $71 to $77.
The raised price target from $71 to $77 by a reputable analyst at Morgan Stanley is a positive signal for investors, indicating potential upside. However, the Equal-Weight rating suggests a balanced view, implying that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100