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Marvell Technology shares traded down about 3.3% to $275.35 as of Oct. 8, after the company drew analyst price-target increases following an outlook lift, according to Investor's Business Daily.
Evercore ISI Group raised its price target on Marvell Technology to $433.00 from $275.00, keeping a maintained Outperform rating, per Benzinga.
What Happened? Shares of networking chips designer Marvell Technology NASDAQ:MRVL jumped 4.7% in the afternoon session after Citi reiterated a Buy rating and a $275 price target on the company ahead of its October 6 Investor Day.According to StreetInsider, Citi analyst Atif Malik highlighted artifi…
Marvell reported record second-quarter revenue of $2.739 billion, raised fiscal 2027 revenue guidance to roughly $12 billion and fiscal 2028 guidance to about $18 billion, then fell more than 8% before Friday's open.
A Benzinga roundup says five Wall Street analysts raised price targets or reiterated ratings on Deere, Marvell, News Corp, John B. Sanfilippo & Son and Taylor Devices, citing recent company results where noted.
Marvell Technology, Inc. (MRVL) sees Citigroup raise its target price to $275 from $225, according to TradeXchange Newsdesk.
Benchmark raises Marvell stock price target due to AI growth outlook. MRVL shares may rise.