Marvell Technology (MRVL) Tops Q1 EPS by 3c; Issues Solid Outlok

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Go back to Marvell Technology (MRVL) Tops Q1 EPS by 3c; Issues Solid Outlok

Oppenheimer Upgrades Marvell (MRVL) to Outperform; Margins Moving Up

May 26, 2017 7:50 AM EDT

Oppenheimer upgraded Marvell (NASDAQ: MRVL) from Perform to Outperform with a price target of $23.00 and raised their above consensus estimates following the 'beat and raise.'

Analyst Rick Schafer notes following several challenging years, new management has printed four consecutive EPS beats and... More

Marvell (MRVL) PT Raised to $18.50 at Morgan Stanley

May 26, 2017 7:36 AM EDT

Morgan Stanley raised its price target on Marvell (NASDAQ: MRVL) to $18.50 (from $17.00) while maintaining a Equalweight rating.

Analyst Joseph Moore noted upside came form stronger solid state drives, and continued upside in gross margins. While they see upside, the firm remains sidelined as the see remain conservative on growth potential.

... More