Marvell Technology Posts First Beat-And-Raise In 5 Quarters: Analysts Focus On 'Solid AI Story'
Marvell Technology(MRVL) Benzinga·2024-08-30 15:36Marvell Technology Inc MRVL shares climbed in early trading on Friday, after the company reported upbeat second-quarter sales.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Goldman Sachs On Marvell TechnologyAnalyst Toshiya Hari maintained a Buy rating while lifting the price target from $77 to $87.Marvell Technology reported its first beat-and-raise in five quarters, with fiscal second-quarter revenue at $1.27 billion, representing 10% sequential grow ...