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Analysts Are Bullish on These Technology Stocks: Nvidia (NVDA), Marvell (MRVL)

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

Nvidia (NVDA)

Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Nvidia on August 29 and set a price target of $235.00. The company’s shares closed last Monday at $226.84, close to its 52-week high of $230.43.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 26.7% and a 68.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and NXP Semiconductors.

Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $231.76, implying a 1.5% upside from current levels. In a report issued on August 20, Benchmark Co. also initiated coverage with a Buy rating on the stock with a $230.00 price target.

See today’s analyst top recommended stocks >>

Marvell (MRVL)

BMO Capital analyst Ambrish Srivastava maintained a Buy rating on Marvell on August 27 and set a price target of $70.00. The company’s shares closed last Monday at $61.96, close to its 52-week high of $64.07.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 17.5% and a 78.2% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $69.86 average price target, a 13.5% upside from current levels. In a report issued on August 23, B.Riley Financial also maintained a Buy rating on the stock with a $72.00 price target.

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