Marvell (MRVL) Gains After Delivering a Beat-and-Raise Quarter, Analyst Upgrades to 'Buy'

Marvell (MRVL) PT Raised to $66 at B.Riley

B.Riley analyst Craig Ellis raised the price target on Marvell (NASDAQ: MRVL) to $66.00 (from $56.00) while maintaining a Buy rating.

The analyst comments "MRVLs F1Q22 results slightly exceeded the Street with good quality while F2Q22s guide was also ahead, helped by a better Inphi revenue and EPS accretion a quarter or two ahead of our... More

Marvell (MRVL) PT Raised to $58 at Jefferies

Jefferies analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $58.00 (from $55.00) while maintaining a Buy rating.

The analyst commented, "MRVL beat and raised on 17% YY growth in Marvell stand-alone revenue for both 1Q22and 2Q22. The IPHI acquisition is... More

Marvell (MRVL) PT Raised to $64 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on Marvell (NASDAQ: MRVL) to $64.00 (from $62.00) while maintaining a Positive rating.

Marvell (MRVL) PT Raised to $63 at Craig-Hallum

Craig-Hallum analyst Christian Schwab raised the price target on Marvell (NASDAQ: MRVL) to $63.00 (from $52.00) while maintaining a Buy rating.... More

Marvell (MRVL) PT Raised to $66 at B.Riley

B.Riley analyst Craig Ellis raised the price target on Marvell (NASDAQ: MRVL) to $66.00 (from $56.00) while maintaining a Buy rating.... More

Marvell (MRVL) PT Raised to $55 at Needham & Company

Needham & Company analyst Quinn Bolton raised the price target on Marvell (NASDAQ: MRVL) to $55.00 (from $50.00) while maintaining a Buy rating.

The analyst commented, "Marvell reported solid F1Q22 results with F2Q22 revenue guidance coming in ~$35MM above our estimate, largely... More

Marvell (MRVL) PT Raised to $65 at Stifel

Stifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $65.00 (from $62.00) while maintaining a Buy rating.... More

Morgan Stanley Surprised by Marvell (MRVL) Gap Up

Morgan Stanley analyst Joseph Moore reiterated an Equalweight rating and $49.00 price target on Marvell (NASDAQ: MRVL) after the company announced revenue and earnings that came in largely as expected. Guidance for July is stronger in Inphi and fiber channel and weaker in networking
than... More

Marvell (MRVL) PT Raised to $50 at Wells Fargo

Wells Fargo analyst Gary Mobley raised the price target on Marvell (NASDAQ: MRVL) to $50.00 (from $45.00) while maintaining a Equal Weight rating.... More

Marvell (MRVL) PT Raised to $60 at KeyBanc

KeyBanc analyst John Vinh raised the price target on Marvell (NASDAQ: MRVL) to $60.00 (from $55.00) while maintaining a Overweight rating.... More

Summit Insights Upgrades Marvell (MRVL) to Buy

Summit Insights analyst Kinngai Chan upgraded Marvell (NASDAQ: MRVL) from Hold to Buy.

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.

Shares of Marvell closed at $48.27 yesterday.

Marvell Technology (MRVL) Tops Q1 EPS by 2c; Guides Higher at Mid-Point

Marvell Technology (NASDAQ: MRVL) reported Q1 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $832 million versus the consensus estimate of $804.21 million.

GUIDANCE:

Marvell Technology sees Q2 2022 EPS of $0.28-$0.34 ($0.31 midpoint), versus the... More