Analysts comment, adjust targets after Marvell earnings [Seeking Alpha]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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US:NASDAQ Investor Relations:
marvell.com/company/investor_relations
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Source: Seeking Alpha
Analysts comment, adjust targets after Marvell earningsB. Riley reiterates a Buy rating and an Alpha Generator status while raising its Marvell (NASDAQ:MRVL) target by a dollar to $30, a 23% upside to yesterday’s close.Firm could increase the price target to $36 (a 48% upside) after the Cavium (NASDAQ:CAVM) deal closes. Marvell offered $6B to acquire Cavium late last year.B. Riley says Marvell shares remain attractive at 17.2x FY19E and 15.5x FY20E.Cowen keeps its target at $29 (a 19% upside) but notes it sees limited risk to the Cavium deal. Firm believes Marvell should go higher ahead of a mid-year valuation reset.Source: Briefing.com.Marvell share aredown 1.5% premarket to $23.95.Previously:Marvell Technology -2.8% after Q4 beats, upside EPS guidance (March 8)See all stocks on the move »Now read:Why AMD Could Be A Buyout Target »
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MRVL
News
- Marvell Technology (MRVL) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Investors push Marvell Technology (NASDAQ:MRVL) 7.9% lower this week, company's increasing losses might be to blame [Yahoo! Finance]Yahoo! Finance
- GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet Technology [Yahoo! Finance]Yahoo! Finance
- GM Recognizes Marvell With 2023 Overdrive Award For Its Automotive Ethernet TechnologyPR Newswire
- AI Deployment Accelerates 800GbE Optical Growth According to Cignal AI [Yahoo! Finance]Yahoo! Finance
MRVL
Earnings
- 3/7/24 - Beat
MRVL
Sec Filings
- 4/22/24 - Form 4
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- MRVL's page on the SEC website