Goldman Sachs Maintains Buy on Marvell Tech, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari maintains a Buy rating on Marvell Tech and raises the price target from $77 to $87.
August 30, 2024 | 2:09 pm
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Goldman Sachs has reaffirmed its Buy rating on Marvell Tech and increased the price target from $77 to $87, indicating confidence in the company's future performance.
The increase in price target from $77 to $87 by a reputable firm like Goldman Sachs suggests a positive outlook for Marvell Tech. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100