Barclays Maintains Overweight on Marvell Tech, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Blayne Curtis maintains an Over rating on Marvell Tech and raises the price target from $80 to $85.
August 30, 2024 | 3:19 pm
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POSITIVE IMPACT
Barclays analyst Blayne Curtis maintains an Overweight rating on Marvell Tech and raises the price target from $80 to $85, indicating positive sentiment and potential for stock price appreciation.
The increase in the price target from $80 to $85 by Barclays, along with the maintained Overweight rating, 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