Marvell Technology''s Macro, Inflation Headwinds Prompt 5% Price Target Cut By Citi
Citi analysts Atif Malik and Amanda Scarnati reiterated a Buy on Marvell Technology, Inc (NASDAQ: MRVL ) but reduced the price target from $78 to $74. Marvell reported Q2 EPS of $0.57, beating the consensus of $0.56. The revenue of $1.517 billion, up 41% Y|Y, missed the consensus of $1.520 billion. MRVL stock was down 3% after posting a 1% July quarter EPS beat and guiding October quarter 2% below Street. Data Center … Full story available on Benzinga.com
Marvell Technology''s Macro, Inflation Headwinds Prompt 5% Price Target Cut By Citi
Citi analysts Atif Malik and Amanda Scarnati reiterated a Buy on Marvell Technology, Inc (NASDAQ: MRVL ) but reduced the price target from $78 to $74. Marvell reported Q2 EPS of $0.57, beating the consensus of $0.56. The revenue of $1.517 billion, up 41% Y|Y, missed the consensus of $1.520 billion. MRVL stock was down 3% after posting a 1% July quarter EPS beat and guiding October quarter 2% below Street. Data Center … Full story available on Benzinga.com