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Benzinga
Benzinga
Business
Priya Nigam

BIZARRE: Marvell technology posts solid q3 beat analysts raise forecasts expect 40 50 earnings growth - You Need To See This

Shares of Marvell 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 price target from $95 to $125.
  • Piper Sandler analyst Harsh Kumar maintained an Overweight rating, while raising the price target from $100 to $120.
  • Cantor Fitzgerald analyst Quinn Bolton maintained a Buy rating, while raising the price target from $95 to $120.
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