Marvell Technology (MRVL) Stock: $80 Price Target And Buy Rating

By Amit Chowdhry ● May 23, 2022
  • The shares of Marvell Technology (NASDAQ: MRVL) have received an $80 price target from UBS. These are the details.

The shares of Marvell Technology (NASDAQ: MRVL) have received an $80 price target from UBS. And UBS analyst Timothy Arcuri is maintaining a “Buy” rating on the shares.

UBS analyst Timothy Arcuri adjust the valuation to market ahead of the first-quarter results. And several of Marvell’s enterprise networking and consumer customers are seeing some softness, but the company is still not able to ship to demand especially in the data center. This should continue to provide a solid cushion for Marvell.

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