Breaking Finance News

Needham announced Marvell Technology Group (NDAQ:MRVL), boosting its stock price target to $25.00 today

Just yesterday Marvell Technology Group (NDAQ:MRVL) traded 0.49% higher at $23.32. Marvell Technology Group’s 50-day moving average is $16.57 and its 200-day moving average is $16.24. The last stock price is up 13.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 6,963,337 shares of MRVL traded hands, up from an average trading volume of 6,207,080

In a report released on 11/21/2017 Needham increased the stock price target of Marvell Technology Group (NDAQ:MRVL) from $21.00 to $25.00 reporting a possible upside of 0.07%.

Previously on 11/20/2017, Benchmark released a statement about Marvell Technology Group (NDAQ:MRVL) increased the target price from $17.00 to $30.00. At the time, this indicated a possible upside of 0.42%.

Recent Performance Chart

Marvell Technology Group (NDAQ:MRVL)

Marvell Technology Group has 52 week low of $12.30 and a 52 week high of $18.67 with a PE ratio of 35.72 and has a market capitalization of $0.

In addition to Needham reporting its stock price target, a total of 18 brokerages have issued a ratings update on the company. The average stock price target is $10.86 with 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Marvell Technology Group (NDAQ:MRVL)

Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution. Its product portfolio includes devices for storage, networking and connectivity. In storage, it is engaged in data storage controller solutions spanning consumer, mobile, desktop and enterprise markets. Its storage solutions enable customers to engineer products for hard disk drives and solid state drives. Its networking products address end markets in cloud, enterprise, small and medium business and service provider networks. The Company's connectivity products address end markets in consumer, enterprise, desktop, service provider networks and automotive.

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