In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Marvell (MRVL – Research Report), with a price target of $100.00. The company’s shares closed last Thursday at $65.20.
According to TipRanks.com, Rolland is a top 25 analyst with an average return of 26.4% and a 74.1% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and NXP Semiconductors.
Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $97.29, a 42.4% upside from current levels. In a report released today, B.Riley Financial also maintained a Buy rating on the stock with a $95.00 price target.
The company has a one-year high of $93.85 and a one-year low of $37.92. Currently, Marvell has an average volume of 11.26M.
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Marvell Technology Group Ltd. is a semiconductor company. It designs, develops and markets analog, mixed and digital signal processing, and embedded and standalone integrated circuits. The company has operations in the United States, Singapore, Japan, South Korea, India, Israel, China, Taiwan, Malaysia, the Philippines, Thailand, and Vietnam.
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