Analysts lauded Marvell Technology Inc. (MRVL) post Q1 beat. Rosenblattanalyst Hans Mosesmann reiterated Buy on Marvell with a price target of $125 (112 percent upside). Another beat and raise for Marvell on broad-based infrastructure demand with data center being the key driver. Once again, and surprisingly, delinquencies continue to grow in the reported quarter despite increased supply execution. Critically,…
Why This Analyst Recommends AMD and These 3 Chip Stocks as His Favorite Semiconductor Plays
Despite supply chain challenges, an analyst at KeyBanc Capital Markets said he is constructive on the semiconductor cycle. Here’s why. Strong Demand Persists Fourth-quarter IC unit shipments increased 15 percent year-over-year, slower than the third quarter’s 15 percent growth but much faster than the five-year, fourth-quarter average of 9 percent, analyst John Vinh said in a…
Read Why Needham Chose Marvell as Top Semiconductor Pick
Needham analyst N. Quinn Bolton raised the price target on Marvell Technology Inc. to $115 from $110 and reiterated a Buy. The price target implies a 30.9 percent upside. Marvell is Needham’s top pick for 2022 within semiconductors. Bolton estimates Marvell will organically grow revenue by more than 30 percent in CY22 and by ~20 percent in CY23, the fastest…
Read Why Citi Is Bullish on Marvell
Citi analyst Atif Malik raised the price target on Marvell Technology Inc. from $87 to $97 and reiterated a Buy. The price target implies a 15.4 percent upside on Marvell’s December 17 closing price of $84.03. The re-rating reflects his expectation for continued multiple expansion for cloud data center stocks like Marvell in 2022. The new multiple he applies…
Analysts Bump up Marvell Technology Price Targets Post Q3 Beat
Analysts raised their price targets (PT) on Marvell Technology Inc. following Q3 beat and solid Q4 outlook. KeyBanc analyst John Vinh maintained an Overweight rating and raised the PT from $80 to $95, suggesting a 33.7 percent upside to Thursday’s closing price of $71.03. Oppenheimer analyst Rick Schafer raised the PT to $110 from $100…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`