Analysts turn more bullish on Marvell Technology after earnings, with one calling the stock a 'top custom AI chip play'

Wall Street is turning more bullish on shares of Marvell Technology in the wake of a strong earnings report. Shares popped more than 13% in the premarket after the integrated circuit maker surpassed third-quarter estimates after the bell Tuesday and issued upbeat revenue guidance. The findings prompted a slew of Wall Street firms to lift their respective price targets on the semiconductor. JPMorgan analyst Harlan Sur moved his forecast to $130 a share, reflecting nearly 36% upside.

mountain MRVL year to date Citi's Atif Malik referred to the stock as the "top custom AI chip play" for 2025 as he lifted his price target to $112 from $91, while Morgan Stanley analyst Joseph Moore boosted his objective to $102 a share, citing a strong customer application specific integrated circuit setup. Malik has a buy rating on shares, while Moore rates them as equal weight.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks making the biggest moves after hours: Salesforce, Okta, Box, Marvell Technology and moreThese are the stocks posting the largest moves in extended trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Top Wall Street analysts pick 3 stocks for their attractive prospectsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including ServiceNow and Snowflake.
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »

Wall Street analysts tout our 2 cybersecurity stocks ahead of quarterly earningsEvercore ISI and Truist lifted Palo Alto Network's price target. Morgan Stanley forecasted more upside for CrowdStrike.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Top Wall Street analysts are bullish on these dividend stocksTipRanks’ analyst ranking service highlights three dividend-paying stocks, including Exxon Mobil and Walmart.
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »