In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Marvell (MRVL), with a price target of $28. The company’s shares closed last Monday at $24.20.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.8% and a 64.6% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Power Integrations, and Intel Corporation.
Marvell has an analyst consensus of Strong Buy, with a price target consensus of $27.47, representing a 14.3% upside. In a report issued on August 23, UBS also reiterated a Buy rating on the stock with a $29 price target.
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The company has a one-year high of $27.64 and a one-year low of $14.34. Currently, Marvell has an average volume of 8.87M.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRVL in relation to earlier this year.
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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.
