How Analysts Weighed Marvell Tech After Q1 Beat

How Analysts Weighed Marvell Tech After Q1 Beat
The logo of Marvell Technology on the company's building in Irvine, Calif., in January 2021. Google Maps/Screenshot via The Epoch Times
Benzinga
Updated:

Analysts lauded Marvell Technology Inc. (MRVL) post Q1 beat. Rosenblattanalyst Hans Mosesmann reiterated Buy on Marvell with a price target of $125 (112 percent upside).

Another beat and raise for Marvell on broad-based infrastructure demand with data center being the key driver. Once again, and surprisingly, delinquencies continue to grow in the reported quarter despite increased supply execution.