tiprankstipranks
Trending News
More News >

Marvell price target raised to $70 from $60 at TD Cowen

TD Cowen raised the firm’s price target on Marvell (MRVL) to $70 from $60 and keeps a Buy rating on the shares. The firm said an in-line print/guide with strong language on 3nm engagement with Amazon (AMZN), but “multiple paths” commentary is likely to continue to concern investors who will be hoping for more detail at the June AI webinar. Long-term momentum is there, but lack of “upside” in a strong spending environment, and inherent limited visibility in custom is likely to keep the stock a battleground.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue