Marvell Technology (MRVL) Tops Q3 EPS by 5c

Marvell (MRVL) PT Raised to $98 at Jefferies

Jefferies analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $98.00 (from $82.00) while maintaining a Buy rating following results.

The analyst commented, "MRVL remains a top pick after posting 12% EPS beat for both 3Q reported and 4Q outlook, and... More

Marvell (MRVL) PT Raised to $100 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $82.00) while maintaining a Positive rating.

The analyst commented, "While we had previewed another beat and raise, we hadnt expected anything this good. Better long-term growth driven by hyperscale custom silicon, 5G and auto."

Marvell (MRVL) PT Raised to $98 at BMO Capital

BMO Capital analyst Ambrish Srivastava raised the price target on Marvell (NASDAQ: MRVL) to $98.00 (from $85.00) while maintaining an Outperform rating.

The analyst commented, "Marvell is not in the habit of providing out-year guidance. In an exception, Marvell expects CY22 growth of ~30%,... More

Marvell (MRVL) PT Raised to $100 at Needham & Company

Needham & Company analyst Quinn Bolton raised the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $75.00) while maintaining a Buy rating following results.

The analyst commented, "Marvell delivered impressive results and provided F4Q22 revenue guidance that was well above expectations due to... More

Marvell Technology (MRVL) Stock Gains 14% on Better Than Expected Q3 Results

Marvell Technology (NASDAQ: MRVL) shares were trading more than 14% higher after-hours following the companys reported Q3 results, with EPS coming in at $0.43, beating the consensus estimate of $0.38. Quarterly revenue grew 61% year-over-year to $1.21 billion, compared to the consensus estimate of $1.15 billion. Q3 results... More