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Analysts Are Bullish on These Technology Stocks: Marvell (MRVL), SPS Commerce (SPSC)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Marvell (MRVLResearch Report) and SPS Commerce (SPSCResearch Report) with bullish sentiments.

Marvell (MRVL)

In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Marvell, with a price target of $120.00. The company’s shares closed last Thursday at $71.03, close to its 52-week high of $76.12.

According to TipRanks.com, Mosesmann is a top 25 analyst with an average return of 35.1% and a 75.8% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Advanced Micro Devices, and Lattice Semiconductor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $90.35 average price target, representing a 28.4% upside. In a report issued on November 23, Oppenheimer also maintained a Buy rating on the stock with a $100.00 price target.

See the top stocks recommended by analysts >>

SPS Commerce (SPSC)

In a report released today, Scott Berg from Needham maintained a Buy rating on SPS Commerce, with a price target of $200.00. The company’s shares closed last Thursday at $138.85.

According to TipRanks.com, Berg is a top 100 analyst with an average return of 25.8% and a 63.2% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Tyler Technologies.

Currently, the analyst consensus on SPS Commerce is a Moderate Buy with an average price target of $181.17.

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