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MRVL

Marvell

$25.14

0.75 (3.08%)

05:17
11/04/19
11/04
05:17
11/04/19
05:17

Marvell upgraded to Outperform from Market Perform at Wells Fargo

Wells Fargo analyst Gary Mobley upgraded Marvell Technology Group to Outperform from Market Perform with a $32 price target.

MRVL Marvell
$25.14

0.75 (3.08%)

08/30/19
OPCO
08/30/19
NO CHANGE
OPCO
Marvell 5G thesis intact after Q2 report, says Oppenheimer
Oppenheimer analyst Rick Schafer maintained an Outperform rating and $30 price target on Marvell Technology following the company's Q2 earnings results, which had EPS and revenue above consensus estimates, but Q3 EPS and revenue guidance that was below the consensus. The analyst, which noted that Marvell remains the "purest 5G story in semis," believes the results show that storage is stabilizing, and that the company's 5G thesis is intact. Schafer added that he liked Marvell's "strategic/accretive AQ/Avera/WiFi deals," which should close at the end of FY20.
10/03/19
STFL
10/03/19
INITIATION
Target $29
STFL
Buy
Marvell resumed with a Buy rating at Stifel
Stifel analyst Tore Svanberg resumed coverage of Marvell Technology with a Buy rating and $29 price target. The analyst views the company as a turnaround story, coupled with increasing leverage to "key" secular growth opportunities, especially in 5G.
10/04/19
10/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nike (NKE) initiated with an Underperform rating at Exane BNP Paribas. 2. Etsy (ETSY) initiated with a Buy at Nomura Instinet. 3. Domino's Pizza (DPZ) initiated with an Outperform at Wedbush. 4. Marvell (MRVL) resumed with a Buy rating at Stifel. 5. Five Below (FIVE) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/24/19
NEED
10/24/19
NO CHANGE
Target $28
NEED
Buy
Xilinx ASIC displacement, Nokia cost pressures to benefit Marvell, says Needham
Needham analyst N. Quinn Bolton says that comments made by Xilinx (XLNX) and Nokia (NOK) on their respective earnings calls appear to have "strong positive read-throughs" for Marvell's (MRVL) 5G business. Xilinx warned investors that baseband ASIC displacement would result in materially weaker wireless revenue in Q4 of 2019 and Q1 of 2020, while Nokia lowered its profit margin targets for the next couple of years citing the high cost of its first generation 5G products and the need to invest in SoC solutions in order to reduce its semiconductor costs, he notes. As the analyst believes Marvell's processors are displacing Xilinx's FPGAs for baseband applications in Samsung's (SSNLF) 5G base stations, he thinks Marvell is poised to pick up a meaningful portion of the business Xilinx is losing over the next two quarters. Similarly, he sees the company working with Nokia to deliver a custom ASIC over the next 12 months to help the latter reduce the cost of its 5G solutions. Bolton has a Buy rating and $28 price target on Marvell's shares.

TODAY'S FREE FLY STORIES

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General news
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BILL

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$0.00

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FTSV

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NCR

NCR Corp.

$32.60

0.16 (0.49%)

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CIEN

Ciena

$35.45

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CHEF

Chefs' Warehouse

$35.51

-0.06 (-0.17%)

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HSBC

HSBC

$37.15

0.44 (1.20%)

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HSBC rating change at BofA/Merrill »

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PLCE

Children's Place

$54.36

-16.31 (-23.08%)

19:54
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19:54
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19:54
Downgrade
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  • 11

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LVGO

Livongo Health

$27.55

1.48 (5.68%)

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  • 12

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CVX

Chevron

$116.22

-1.68 (-1.42%)

19:42
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Periodicals
Chevron said to be close to approving Gulf of Mexico project, Bloomberg says »

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RH

RH

$233.00

0.03 (0.01%)

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CRWD

Crowdstrike

$47.74

0.18 (0.38%)

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  • 12

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GLD

SPDR Gold Shares

$138.94

0.98 (0.71%)

19:00
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SPDR Gold Shares holdings rise to 886.22MT from 885.93MT »

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DIS

Disney

$147.70

1.58 (1.08%)

, GOOG

Alphabet

$1,345.14

0.64 (0.05%)

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Disney

$147.70

1.58 (1.08%)

GOOG

Alphabet

$1,345.14

0.64 (0.05%)

GOOGL

Alphabet Class A

$1,344.65

1.61 (0.12%)

AAPL

Apple

$270.71

2.09 (0.78%)

T

AT&T

$38.17

0.1 (0.26%)

NFLX

Netflix

$299.25

6.04 (2.06%)

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  • 11

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DLHC

DLH Holdings

$4.58

0.525 (12.96%)

, FORM

FormFactor

$23.77

0.57 (2.46%)

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LULU

Lululemon

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NX

Quanex

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TLRD

Tailored Brands

$4.85

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NDSN

Nordson

$167.44

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MESA

Mesa Air

$9.25

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OXM

Oxford Industries

$74.07

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AKTS

Akoustis

$7.60

0.11 (1.47%)

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TTD

Trade Desk

$250.44

0.13 (0.05%)

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RACE

Ferrari

$165.20

0.37 (0.22%)

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RIBT

RiceBran

$2.09

-0.105 (-4.79%)

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VMW

VMware

$151.00

2.27 (1.53%)

, TSLA

Tesla

$352.40

3.58 (1.03%)

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VMW

VMware

$151.00

2.27 (1.53%)

TSLA

Tesla

$352.40

3.58 (1.03%)

DELL

Dell Technologies

$47.73

0.37 (0.78%)

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SMTC

Semtech

$47.36

0.48 (1.02%)

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  • 07

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CS

Credit Suisse

$12.95

-0.115 (-0.88%)

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  • 11

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PANW

Palo Alto Networks

$226.76

1.71 (0.76%)

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  • 08

    Jan

PBYI

Puma Biotechnology

$8.71

0.24 (2.83%)

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GTHX

G1 Therapeutics

$23.06

-0.18 (-0.77%)

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NH

NantHealth

$0.86

-0.0225 (-2.54%)

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