Fly News Breaks for March 5, 2020
Mar 5, 2020 | 09:10 EDT
Jefferies analyst Mark Lipacis noted that Marvell (MRVL) beat expectations, raised guidance and noted new design wins with Nokia (NOK) and Samsung (SSNLF). The analyst, who expects Marvell to be a primary beneficiary of the 5G network buildout, reiterates a Buy rating and $32 price target on the shares following the company's beat and raise report.
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.