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Fly News Breaks for March 2, 2020
Mar 2, 2020 | 07:30 EDT
BMO Capital analyst Ambrish Srivastava lowers his price target on Marvell to $25 and keeps a Market Perform rating on the shares ahead of its earnings call this week. The analyst warns that the impact of the coronavirus rippling through the supply chain puts consensus estimates for the company under a downward bias, lowering his FY20 EPS view by 1c to 65c and revenue to $2.69B from $2.73B.
News For MRVL From the Last 2 Days
Mar 2, 2021 | 08:37 EST
Susquehanna analyst Christopher Rolland said he expects Marvell to post a modest beat and guidance raise but not as much as competitors. He continues to see a strong narrative around 5G but he sees a high bar raising the risks of a miss and tight industry supply potentially limiting upside. Rolland maintains his Positive rating and $60 price target on Marvell shares.