Marvell Technology (MRVL) Tops Q1 EPS by 1c

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Go back to Marvell Technology (MRVL) Tops Q1 EPS by 1c

Marvell (MRVL) PT Lowered to $75 at Needham & Company; 'on Path to Grow Nearly 40% in FY23'

May 27, 2022 7:44 AM EDT

Needham & Company analyst N. Quinn Bolton lowered the price target on Marvell (NASDAQ: MRVL) to $75.00 (from $105.00) while maintaining a Buy rating following earnings.

The analyst commented, "MRVL's F1Q23 revenue was near the high-end of guidance and NG EPS beat by... More