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Analysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS) and Marvell (MRVL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Shoals Technologies Group (SHLSResearch Report) and Marvell (MRVLResearch Report).

Shoals Technologies Group (SHLS)

In a report released today, Christine Cho CFA from Barclays maintained a Hold rating on Shoals Technologies Group, with a price target of $13.00. The company’s shares closed last Monday at $10.27, close to its 52-week low of $10.18.

CFA has an average return of 16.3% when recommending Shoals Technologies Group.

According to TipRanks.com, CFA is ranked #6253 out of 8796 analysts.

Shoals Technologies Group has an analyst consensus of Strong Buy, with a price target consensus of $18.93.

See the top stocks recommended by analysts >>

Marvell (MRVL)

J.P. Morgan analyst Harlan Sur reiterated a Buy rating on Marvell today and set a price target of $90.00. The company’s shares closed last Monday at $71.92.

According to TipRanks.com, Sur is a top 100 analyst with an average return of 24.0% and a 68.0% success rate. Sur covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and ARM Holdings PLC ADR.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $89.88 average price target, implying a 22.9% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $90.00 price target.

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