Marvell stock drops as analysts raise price targets
Marvell shares fell while multiple analysts increased price targets after the company’s reported earnings results; the firm also said it expects revenue to rise 55% to 60% annually for the next five years.
Marvell Technology is drawing strong attention on Wall Street after saying it expects revenue to rise by 55% to 60% a year over the next half-decade. At least 18 analysts have raised their price targets so far this week, according to FactSet.