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Barclays maintains a buy rating on Marvell, with a target price set at $320
Businessinsider
10-08 16:22
Ai Focus
Barclays analysts Thomas O and Malley maintained a “buy” rating on Marvell on October 6, setting a target price of $320. The article also mentioned that Craig-Hallum gave the stock a “buy” rating on the same day, while Cantor Fitzgerald maintained a “hold” rating. According to the latest financial report for the quarter ending August 1 from Marvell, the company’s quarterly revenue was $2.74 billion, with a net profit of $308 million.
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Barclays analyst Thomas O and Malley maintained a “buy” rating on Marvell on October 6, setting the target price at $320. The company’s stock closed at $287.01 yesterday.

According to the data from TipRanks, O’ Malley is among the top 100 analysts, with an average return rate of 45.0% and a success rate of 65.11%. O’ Malley mainly focuses on the technology sector, with a particular emphasis on stocks such as Marvell, NVIDIA, and ON Semiconductor.

In addition to Barclays, Craig-Hallum's Christian Schwab also gave Marvell a "buy" rating in a report released yesterday. However, on the same day, Cantor Fitzgerald maintained a "hold" rating for Marvell ( NASDAQ : MRVL ).

According to the latest financial report for the quarter as of August 1st, as indicated by Marvell, the company's revenue for that quarter was 2.74 billion US dollars, with a net profit of 308 million US dollars. In contrast, during the same period last year, the company's revenue was 2.01 billion US dollars, and the net profit was 194.8 million US dollars.

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