Goldman Sachs Maintains Buy Rating for Marvell Tech: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Marvell Tech MRVL and lower its price target from $54.00 to $46.00.

Shares of Marvell Tech are trading down 1.73% over the last 24 hours, at $43.28 per share.

A move to $46.00 would account for a 6.28% increase from the current share price.

About Marvell Tech

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.