Marvell (MRVL) Received its Third Buy in a Row


After Barclays and UBS gave Marvell (NASDAQ: MRVL) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Christopher Rolland reiterated a Buy rating on Marvell yesterday. The company’s shares closed yesterday at $21.74.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 9.1% and a 59.9% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $25.94, representing a 19.3% upside. In a report issued on May 6, Oppenheimer also assigned a Buy rating to the stock with a $26 price target.

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The company has a one-year high of $25.74 and a one-year low of $14.34. Currently, Marvell has an average volume of 12.61M.

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Marvell Technology Group Ltd. engages in the design, development, and sale of integrated circuits. The company offers System-on-a-Chip devices, which leverages technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.

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