Marvell Technology Inc(NASDAQ:MRVL) shares climbed in early trading on Friday, after the company reported upbeat second-quarter sales.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs On Marvell Technology
AnalystToshiya Harimaintained a Buy rating while lifting the price target from $77 to $87.
Marvell Technologyreported its first beat-and-raise in five quarters, with fiscal second-quarter revenue at $1.27 billion, representing 10% sequential growth but a 5% year-on-year decline, Hari said in a note. The figure came in 2% higher than consensus, he added.
Management guided to fiscal...
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