Marvell (MRVL) PT Raised to $80 at BofA Securities
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Marvell (MRVL) PT Raised to $66 at Cowen
October 7, 2021 8:25 AM EDTCowen analyst Karl Ackerman raised the price target on Marvell (NASDAQ: MRVL) to $66.00 (from $57.00) while maintaining a Market Perform rating.
The analyst commented, "While the financial model was in-line with our preview, the real story here is that Marvell has transformed its portfolio... More
Marvell (MRVL) Stock Surges on Upgrade to Buy at Craig-Hallum, Gets a New Street-high at Rosenblatt Following Bullish Analyst Day
October 7, 2021 8:18 AM EDTShares of Marvell Technology (NASDAQ: MRVL) are up a further 2.5% in pre-open Thursday after closing 7.34% higher yesterday.
Investors have backed the company after a positive 2021 Analyst Day, with Street analysts raising price targets to reflect higher estimates.
Craig-Hallum analyst Christian Schwab upgraded Marvell from Hold to Buy with a price target of $85.00.
The companys strength across these leading growth markets drove a raised targeted long-term revenue growth rate of 15%-20%, up from a 10%-15% target a year ago and 12%-16% most recently including the acquisition of Inphi. Marvell is... More
Marvell (MRVL) PT Raised to $82 at Jefferies
October 7, 2021 7:49 AM EDTJefferies analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $82.00 (from $78.00) while maintaining a Buy rating.
The analyst commented, "Based on the new target model articulated at MRVL's analyst day, we estimate CY 2024 and 2026 EPS power of $3.11 and $4.51. With... More
Marvell (MRVL) PT Raised to 'Street High' $100 at Rosenblatt
October 7, 2021 7:21 AM EDTRosenblatt analyst Hans Mosesmann raised the price target on Marvell (NASDAQ: MRVL) to a "Street High" $100.00 (from $85.00) while maintaining a Buy rating following the bullish analyst day.
The analyst commented, "We are taking our 12-month price target for MRVL to $100, up from... More
Marvell (MRVL) PT Raised to $75 at Needham & Company Following Analyst Day
October 7, 2021 7:19 AM EDTNeedham & Company analyst Quinn Bolton raised the price target on Marvell (NASDAQ: MRVL) to $75.00 (from $69.00) while maintaining a Buy rating following the company's 2021 Virtual Analyst Day.
The analyst commented, "At its 2021 Virtual Analyst Day, Marvell's management highlighted the significant growth opportunities associated with... More
