Karl Ackerman, analyst at Cowen & Co., reiterates coverage on Marvell (MRVL) in the Technology sector with a Hold rating. TipRanks.com has Ackerman rated as a 4.5 star analyst with a 15% return on investment and a 62% success rate. Ackerman has set a price target of $66.00 .
TipRanks.com reports that MRVL currently has 21 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $76.20 . The target pricing ranges from a high forecast of $100.00 down to a low forecast of $62.00 .
MRVL’s last closing price was $65.15 which would put the average price target at 16.96% upside.
In addition, TradingView issued a Buy rating for MRVL over the next month.
Remember, securities are volatile, so please do your own research on MRVL.
Other analysts covering MRVL include:
- Joseph Moore of Morgan Stanley issued a hold with the price target of $63 on October 6th
- John Vinh of KeyBanc issued a buy rate with the price target of $80 on October 6th
- Christian Schwab of Craig-Hallum issued a buy rate with the price target of $85 on October 6th
- Craig Ellis of B Riley Financial issued a buy rate with the price target of $83 on October 6th
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