Wells Fargo Maintains Equal-Weight on Marvell Technology, Raises Price Target to $62
Wells Fargo analyst Gary Mobley maintains Marvell Technology (NASDAQ:MRVL) with a Equal-Weight and raises the price target from $50 to $62.
Needham Maintains Buy on Marvell Technology, Raises Price Target to $69
Needham analyst Quinn Bolton maintains Marvell Technology (NASDAQ:MRVL) with a Buy and raises the price target from $67.5 to $69.
22 Stocks Moving in Friday’s Pre-Market Session
Gainers
RenovoRx, Inc. (NASDAQ: RNXT) rose 106% to $15.00 in pre-market trading. RenovoRx shares dropped 19% on Thursday as the company priced its IPO at $9 per unit.
Oppenheimer Maintains Outperform on Marvell Technology, Raises Price Target to $75
Oppenheimer analyst Rick Schafer maintains Marvell Technology (NASDAQ:MRVL) with a Outperform and raises the price target from $70 to $75.
Barclays Maintains Overweight on Marvell Technology, Raises Price Target to $70
Barclays analyst Blayne Curtis maintains Marvell Technology (NASDAQ:MRVL) with a Overweight and raises the price target from $60 to $70.
Keybanc Maintains Overweight on Marvell Technology, Raises Price Target to $70
Keybanc analyst John Vinh maintains Marvell Technology (NASDAQ:MRVL) with a Overweight and raises the price target from $65 to $70.
Marvell Technology: Q2 Earnings Insights
Shares of Marvell Technology (NASDAQ:MRVL) decreased 0.0% after the company reported Q2 results.
Quarterly Results
Earnings per share increased 61.90% over the past year to $0.34, which beat the estimate of $0.31.
Marvell Technology Group Q2 EPS $0.34 Beats $0.31 Estimate, Sales $1.08B Miss $1.08B Estimate
Marvell Technology Group (NASDAQ:MRVL) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.31 by 9.68 percent. This is a 61.9 percent increase over earnings of $0.21 per share
Stocks That Hit 52-Week Highs On Thursday
Before 10 a.m. ET on Thursday, 91 companies hit new 52-week highs.