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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 06:04 EDT
Piper Sandler analyst Harsh Kumar raised the firm's price target on Marvell to $32 from $30 and reiterates an Overweight rating on the shares. Marvell's core storage and networking businesses are improving after the company reported January quarter results and April quarter guidance ahead of Street expectations, Kumar tells investors in a research note. The analyst is impressed with the company's near-term execution, and believes Marvell has several growth drivers in place for the second half of calendar 2020.
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.