Rick Schafer analyst at Oppenheimer reiterates coverage on Marvell (MRVL) in the Technology sector with a Buy rating. TipRanks.com has Schafer rated as a 5 star analyst with a 74% return on investment and a 26.2% success rate. Schafer has set a price target of $ 90.
TipRanks.com reports that Marvell currently has 17 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $91.13. The target pricing ranges from a high forecast of $125.00 down to a low forecast of $70.00. Marvell (MRVL)’s last closing price was $54.07 which would put the average price target at 68.54% upside.
In addition, TradingView issued a Sell rating for MRVL over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on MRVL.
Other analysts covering MRVL include:
- Blayne Curtis of Barclays issued a Buy rating with the price target of $ 80 on 3 weeks ago
- Chris Caso of Raymond James issued a Buy rating with the price target of $ 80 on 3 weeks ago
- Ross Seymore of Deutsche Bank issued a Buy rating with the price target of $ 80 on 1 month ago
- Tore Svanberg of Stifel Nicolaus issued a Buy rating with the price target of $ 95 on 1 month ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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