Analysts Bullish on Marvell and Microsoft, Set Price Targets
Analysts have expressed bullish sentiments towards Marvell (MRVL) and Microsoft (MSFT), two prominent technology companies. Srini Pajjuri from RBC Capital, a top 100 analyst with an average return of 50.4% and a 76.6% success rate, reiterated a Buy rating on MRVL with a price target of $360.00. The company's shares closed last Friday at $261.94.
The current analyst consensus on Marvell is a Strong Buy with an average price target of $297.00, implying a 12.7% upside from current levels. Seaport Global also initiated coverage with a Buy rating on the stock with a $270.00 price target in a report issued on September 22.
Meanwhile, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Microsoft (MSFT) with a price target of $625.00. The company's shares closed last Friday at $516.17. Chatterjee is a top 25 analyst with an average return of 54.5% and a 75.4% success rate.