Susquehanna Sees Bullish Options Activity in Marvell Technology (MRVL) Ahead of Analyst Day; Earlier Today Citi Raised PT

Marvell Technology (MRVL) Attempts Red-to Green Reversal Following Additional Purchase of 17,500 Mar 16 Calls

An additional 17,500 Mar 16 Calls were purchased on the offer at $0.30, shortly after 2:30pm EST. Earlier in the session, Susquehanna option strategist Alison Edwards noted a... More

Marvell (MRVL) PT Raised to $14.50 at Citi on New Management Execution

Citi analyst Atif Malik raised its price target on Marvell (NASDAQ: MRVL) to $14.50 (from $13.00) while maintaining a Sell rating, noting the company's revenue growth model looks challenged, also suggesting shares appear overvalued relative to peers.

Malik comments, "While new... More

Marvell Technology Group (MRVL) PT Raised to $21 at UBS Following Strong Report; Potential for Multiple Expansion

UBS analyst Stephen Chin raised its price target on Marvell Technology Group (NASDAQ: MRVL) to $21.00 (from $20.00) while maintaining a Buy rating, suggesting management is off to a solid start in 2017, as the company reported strong beat and guides for the fourth quarter.

Chin comments, "Marvell reported a strong beat and guide up for its Jan-17 and Apr-17 quarters. We keep a Buy rating as we believe the... More

Needham & Company Remains Sidelined on Marvell Technology (MRVL) Following 4Q

Needham & Company reiterated a Hold rating on Marvell Technology (NASDAQ: MRVL) following the company's 4Q earnings report. NG GM was 19.4%, well ahead of 17.0% estimates, leading to NG EPS of $0.22 that beat $0.19 estimates.

Analyst Quinn Bolton commented, "Though we remain... More

Cowen Reiterates Outperform Rating and $20 PT on Marvell (MRVL) Following 4Q EPS Beat

Cowen analyst Timothy Arcuri reiterates Outperform rating and $20 price target Marvell (NASDAQ: MRVL), as the company reported solid fourth quarter results and guidance, with EPS above the Street.

Arcuri comments, "With another solid Q/guide, next week's Analyst Day should represent a... More

Marvell (MRVL) PT Raised to $17 at Morgan Stanley

Morgan Stanley raised its price target on Marvell (NASDAQ: MRVL) to $17.00 (from $14.00) while maintaining a Equalweight rating.

Analyst Joseph Moore likes the progress MRVL has made in turning the company around but remains skeptical that growth will return for the... More