Marvell Technology Posts Solid Q3 Beat: Analysts Raise Forecasts, Expect 40%-50% Earnings Growth

Shares of Marvell Technology Inc MRV climbed in early trading on Wednesday, after the company reported upbeat earnings for the third quarter.Bank of America Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $108 to $125.Stifel analyst Tore Svanberg reiterated a Buy rating, while raising the price target from $114 to $125.Goldman Sachs analyst Toshiya Hari reiterated a Buy rating, while raising the price target from $87 to $115.Oppenheimer analyst Rick Schafer maintai ...