.png "Marvell (NASDAQ: MRVL)")
Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Marvell (NASDAQ: MRVL) on September 7 and set a price target of $27. The company’s shares closed on Friday at $19.45.
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 14.2% and a 57.9% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Microchip, Broadcom, and Micron.
Marvell has an analyst consensus of Strong Buy, with a price target consensus of $28.14, representing a 44.7% upside. In a report issued on August 27, Cowen & Co. also maintained a Buy rating on the stock with a $26 price target.
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Marvell’s market cap is currently $9.72B and has a P/E ratio of 29.13. The company has a Price to Book ratio of 2.27.
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Marvell Technology Group Ltd. engages in the business of providing semiconductors to high-performance application-specific standard products. It focuses on the development of complex System-on-a-Chip devices leveraging extensive technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and stand alone integrated circuits. The company’s product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers, mobile handsets, connectivity and other consumer electronics. Marvell Technology Group was founded by Sehat Sutardja, Weili Dai, and Pantas Sutardja in January 1995 and is headquartered in Hamilton, Bermuda.
