Evercore ISI Group Maintains Outperform on Marvell Tech, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Marvell Technology (NASDAQ:MRVL) and increased its price target from $91 to $98, indicating a positive outlook for the company's stock.
August 30, 2024 | 12:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Evercore ISI Group has maintained an 'Outperform' rating on Marvell Technology and raised its price target to $98, suggesting a positive short-term outlook for the stock.
The increase in the price target from $91 to $98 by Evercore ISI Group reflects a positive sentiment towards Marvell Technology's future performance. The 'Outperform' rating suggests that the stock is expected to perform better than the market average, which is likely to attract investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100