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MRVL

Marvell

$25.73

-0.26 (-1.00%)

06:32
07/17/19
07/17
06:32
07/17/19
06:32

Marvell price target raised to $30 from $27 at Citi

Citi analyst Atif Malik raised his price target for Marvell Technology Group to $30 from $27 to reflect higher 5G sales on expected Samsung share gains in 2020. Marvell is a key beneficiary of second wave of 5G cycle spend as carriers start to move to ASIC in the second half of 2019, Malik tells investors in a research note. He reiterates the company as his top specialty semis pick and keeps a Buy rating on the shares. The analyst sees upside to the Street's ~10% Samsung 5G market share Marvell assumption.

MRVL Marvell
$25.73

-0.26 (-1.00%)

07/15/19
WBLR
07/15/19
INITIATION
WBLR
Outperform
Marvell initiated with an Outperform at William Blair
William Blair analyst Alessandra Vecchi initiated coverage of Marvell Technology Group with an Outperform saying the company deserves a premium multiple given its "strong" secular growth drivers, pivot toward infrastructure markets, and room for gross and operating margin improvement. Further, he expects 5G revenue to make a more material contribution in the company's fiscal 2022, a year he anticipates Marvell's earnings per share power in the $1.70 to $1.80 range, potentially above its long-term target model of 6% to 8%.
07/15/19
WBLR
07/15/19
INITIATION
WBLR
Outperform
Marvell initiated with an Outperform at William Blair
06/27/19
COWN
06/27/19
NO CHANGE
Target $28
COWN
Outperform
Marvell price target raised to $28 from $26 at Cowen
Cowen analyst Karl Ackerman raised his price target on Marvell to $28 from $26 and said the company remains in the middle innings of transforming itself from a laggard to a leader in semis as it continues to reposition its product portfolio toward secular demand drivers. He said it remains one of the most levered names in semis to the 5G network and the July quarter should represent the nadir as its many design wins should soon hit the bottom line allowing the company to achieve its $1.70+ earnings power in 2021. Ackerman reiterated his Outperform rating on Marvell shares.
06/19/19
06/19/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fiserv (FISV) initiated with an Outperform at Wells Fargo. 2. KemPharm (KMPH) initiated with a Buy at H.C. Wainwright. 3. Marvell (MRVL) initiated with a Market Perform at Raymond James. 4. Citizens Financial (CFG) initiated with a Hold at Argus. 5. Boot Barn (BOOT) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

EROS

Eros International

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0.005 (0.38%)

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PVTL

Pivotal Software

$13.97

-0.04 (-0.29%)

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PCG

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NVTR

Nuvectra

$1.51

-0.12 (-7.36%)

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NTNX

Nutanix

$19.22

0.99 (5.43%)

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CC

Chemours

$12.50

-0.18 (-1.42%)

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  • 23

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ARMK

Aramark

$40.98

3.91 (10.55%)

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SFDL

Security Federal Corp

$0.00

(0.00%)

10:25
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CGC

Canopy Growth

$26.74

-1.36 (-4.84%)

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CNMD

Conmed

$95.93

0.93 (0.98%)

10:25
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  • 19

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ATEC

Alphatec

$6.07

0.08 (1.34%)

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  • 12

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PRAH

PRA Health

$97.99

0.87 (0.90%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

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SHAK

Shake Shack

$95.89

-1.17 (-1.21%)

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10:13
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NXPI

NXP Semiconductors

$103.80

0.25 (0.24%)

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NXP Semiconductors

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XOM

Exxon Mobil

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CVX

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COP

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OXY

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HES

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CSTL

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APD

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$228.62

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AMGN

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ARLP

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$15.10

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BTU

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TRIL

Trillium Therapeutics

$0.29

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  • 22

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DECK

Deckers Brands

$138.02

3.69 (2.75%)

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$12.75

0.85 (7.14%)

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DECK

Deckers Brands

$138.02

3.69 (2.75%)

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$12.75

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ARMK

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$40.50

3.43 (9.25%)

ACM

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$34.02

1.05 (3.18%)

ON

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0.645 (3.68%)

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  • 10

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LYFT

Lyft

$52.22

-0.15 (-0.29%)

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Alphabet

$1,197.73

20.79 (1.77%)

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LYFT

Lyft

$52.22

-0.15 (-0.29%)

GOOG

Alphabet

$1,197.73

20.79 (1.77%)

GOOGL

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$1,199.00

20.31 (1.72%)

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  • 10

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SE

Sea Limited

$36.60

1.17 (3.30%)

10:05
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Sea Limited call volume above normal and directionally bullish »

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  • 20

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BMA

Banco Macro

$35.45

-2.83 (-7.39%)

10:00
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