Marvell Technology Dropped By 25% in 3 Months: This Trusted Analyst Says 75% Returns Are Coming In The Next Year
KeyBanc’s John Vinh keeps a Street-high $400 target, citing AI data-center networking demand and about 74% implied upside.
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BizTocMarvell Technology Dropped By 25% in 3 Months: This Trusted Analyst Says 75% Returns Are Coming In The Next Year
Marvell's stock has cratered even as its AI data-center business posts record numbers and analysts pile on upgrades, and one KeyBanc analyst is drawing a very different conclusion from the selloff than the rest of the market.
The Marvell shares closed the last session at $ 229.71, just below the maximum intraday of 233.77. The technical regime remains bullish on all the timeframes analyzed in the day, time and at 15 minutes is supported by the theme AI. The momentum of brief shows signs of fatigue, however, in a context of conflicting news about [...]
Marvell (MRVL) Stock Nears Key Levels After Fresh Analyst Upgrades
TLDR Marvell stock rose 1.53% to $222.17 on September 16, with Nasdaq volume reaching 8.56 million shares. Susquehanna raised its price target to $265 from $230, while Deutsche Bank kept a $240 target. Marvell reported quarterly revenue of $2.74 billion, beating the $2.72 billion estimate. Quarterly EPS reached $0.94, slightly above the $0.93 consensus forecast. [...]
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