UPDATE: Marvell (MRVL) PT Raised to $75 at Susquehanna
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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
Marvell (MRVL) PT Raised to $80 at BofA Securities
October 7, 2021 6:09 AM EDTBofA Securities analyst Vivek Arya raised the price target on Marvell (NASDAQ: MRVL) to $80.00 (from $75.00) while maintaining a Buy rating.... More
UPDATE: Marvell (MRVL) PT Raised to $85 at Credit Suisse, Top Pick in Semis
October 7, 2021 6:00 AM EDT(Updated - October 7, 2021 6:00 AM EDT)
Credit Suisse analyst John Pitzer raised the price target on Marvell (NASDAQ: MRVL) to $85.00 (from $70.00) while maintaining a Outperform rating.
The analyst comments "Inclusive of 5 acquisitions (CAVM, IPHI, Innovium, Aquantia, Avera) and organic repositioning in Storage... More
UPDATE: Marvell (MRVL) PT Raised to $80 at Stifel, 'Undisputed Leader in Optimized Silicon'
October 7, 2021 5:16 AM EDT(Updated - October 7, 2021 5:16 AM EDT)
Stifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $80.00 (from $74.00) while maintaining a Buy rating.
The analyst comments "As the cloud continues to disaggregate, the semiconductor needs of hyperscale customers can... More
UPDATE: Marvell (MRVL) PT Raised to $80 at KeyBanc
October 7, 2021 4:54 AM EDT(Updated - October 7, 2021 4:56 AM EDT)
KeyBanc analyst John Vinh raised the price target on Marvell (NASDAQ: MRVL) to $80.00 (from $70.00) while maintaining a Overweight rating.
The analyst comments "At its analyst day, MRVL increased its LT revenue growth target to 15-20% from... More
Marvell (MRVL) PT Raised to $63 at Morgan Stanley After No News Report is Good News to the Market
October 7, 2021 3:00 AM EDTMorgan Stanley analyst Joseph Moore raised the price target on Marvell (NASDAQ: MRVL) to $63.00 (from $61.00) after the company reported few surprises, raised LT growth estimates slightly with no change in long term margin targets, with few new design wins.
The analyst reiterated an Equalweight rating,... More
Marvell Technology (MRVL) Climbs with Investor Day Event Ongoing, Up 3.3%
October 6, 2021 11:49 AM EDTMarvell Technology (NASDAQ: MRVL) Climbs with Investor Day Event Ongoing, Up 3.3%
Marvell (MRVL) Investor Day Expected to be Bullish - Rosenblatt
October 5, 2021 12:16 PM EDTRosenblatt analyst Hans Mosesmann reiterated a Buy rating and $85.00 price target on Marvell (NASDAQ: MRVL) ahead of Wednesday's Investor Day, which is expected to be bullish.
"We see Marvell's 2021 Investor Day on Wednesday, October 6th (beginning at 11:00 am ET / 8:00 am PT), being... More
