There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Marvell (MRVL) and CryoPort (CYRX) with bullish sentiments.
Marvell (MRVL)
Citigroup analyst Atif Malik maintained a Buy rating on Marvell today and set a price target of $31.00. The company’s shares closed last Monday at $24.93.
According to TipRanks.com, Malik is a 5-star analyst with an average return of 20.9% and a 66.9% success rate. Malik covers the Consumer Goods sector, focusing on stocks such as Silicon Laboratories, Skyworks Solutions, and Applied Materials.
Currently, the analyst consensus on Marvell is a Moderate Buy with an average price target of $29.00, which is a 18.6% upside from current levels. In a report issued on February 28, Oppenheimer also maintained a Buy rating on the stock with a $30.00 price target.
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CryoPort (CYRX)
In a report released today, Stephen Unger from Needham maintained a Buy rating on CryoPort, with a price target of $23.00. The company’s shares closed last Monday at $17.37.
According to TipRanks.com, Unger is a 4-star analyst with an average return of 14.6% and a 70.8% success rate. Unger covers the Healthcare sector, focusing on stocks such as Myriad Genetics, Thermo Fisher, and PerkinElmer.
CryoPort has an analyst consensus of Strong Buy, with a price target consensus of $22.33, implying a 28.0% upside from current levels. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $24.00 price target.
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