Needham Reiterates Buy Rating on Marvell (MRVL)

Marvell (MRVL) PT Raised to $91 at Evercore ISI

Evercore ISI analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $91.00 (from $88.00) while maintaining a Outperform rating.

The analyst comments "Setting Table For AI Upside. On the positive side MRVL reported its AI revs doubled YY, we est... More

Marvell (MRVL) PT Raised to $80 at Barclays

(Updated - May 31, 2024 5:40 AM EDT)

Barclays analyst Blayne Curtis raised the price target on Marvell (NASDAQ: MRVL) to $80.00 (from $75.00) while maintaining a Overweight rating.

The analyst comments "On one hand, the deeper correction of the core business is concerning,... More

After-hours movers: Dell Technologies, Gap, MongoDB, Zscaler and more

After-Hours Stock Movers:

Dell Technologies (NYSE: DELL) fell 8% after the company's first quarter results failed to impress investors. Management said AI-optimized server orders increasing sequentially to $2.6 billion, but backlog only grew to $3.8 billion.

MongoDB... More

Marvell Technology Q1 results: Revenue boosted by AI demand

Investing.com - Marvell Technology Inc (NASDAQ: MRVL) slipped 1.7% in after-hours trade on Thursday after the company announced its results for the first quarter of the fiscal year 2025.

The company reported earnings per share (EPS) at 24 cents, while revenues came in at $1.16 billion,... More

Marvell Technology (MRVL) Reports In-Line Q1 EPS; offers Q2 guidance

Marvell Technology (NASDAQ: MRVL) reported Q1 EPS of $0.24, in-line with the analyst estimate of $0.24. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.17 billion.

GUIDANCE:

Marvell Technology sees Q2 2025 EPS of $0.29 +/- $0.05 per share, versus the consensus of... More

Marvell Technology (MRVL) May weekly option implied volatility into quarter results

Marvell Technology (NASDAQ: MRVL) May weekly call option implied volatility is at 180, June is at 60; compared to its 52-week range of 32 to 72 into the expected release of quarter results today after the bell.

Chip stocks likely to continue trading higher: JPMorgan

JPMorgan analysts predict that semiconductor stocks are set to continue their upward trajectory, driven by robust market fundamentals and growing demand, particularly from the AI sector.

In their latest research note, analysts at the bank highlight that the semiconductor industry, including semi, semicap, and EDA segments, has shown remarkable resilience and is expected to maintain its multi-year stock outperformance.

JPMorgan explains that... More

Marvell Technology (MRVL) May weekly option implied volatility into quarter results

Marvell Technology (NASDAQ: MRVL) May weekly call option implied volatility is at 128, June is at 55; compared to its 52-week range of 32 to 72 into the expected release of quarter results after the bell on May 30.