Marvell Technology Posts Solid Q3 Beat: Analysts Raise Forecasts, Expect 40%-50% Earnings Growth

Benzinga · 01:13

Shares ofMarvell Technology Inc(NASDAQ:MRV) climbed in early trading on Wednesday, after the company reported upbeat earnings for the third quarter.

Bank of America Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $108 to $125.
Stifel analyst Tore Svanberg reiterated a Buy rating, while raising the price target from $114 to $125.
Goldman Sachs analyst Toshiya Hari reiterated a Buy rating, while raising the price target from $87 to $115.
Oppenheimer analyst Rick Schafer maintained an Outperform rating, while raising the price target from $110 to $125.
KeyBanc Capital Markets analyst John Vinh reaffirmed an Overweight rating, while raising the...

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Marvell Technology Posts Solid Q3 Beat: Analysts Raise Forecasts, Expect 40%-50% Earnings Growth

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