Chipmakers are firing on all cylinders this year, and Marvell Technology has enjoyed a nice rally. From May to November, shares of the Wilmington, Del.-based semiconductor company climbed a whopping 60 per cent.Article content
A nice post-earnings pop brought Marvell’s share price to about US$84. But Goldman Sachs sees more upside ahead.Snowflake Many consider big data to be the next big thing. And that’s where Snowflake found its opportunity. Last week, Goldman Sachs raised the price target on Snowflake from US$340 to US$390 and maintained its “buy” rating for the company.
The company went public on Nov. 11 at an IPO price of US$24 per share. But the stock didn’t pick up much upward momentum. Today it’s at US$13.54.
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