Marvell Technology Inc (MRVL) experienced a 2.15% increase in its stock price, rising to $66.95 on Thursday morning. The short-term technical score for MRVL is at 83, indicating that the stock has been trading more bullishly compared to 83% of other stocks in the market over the past month. Despite this recent increase, the company has actually seen a decline of 1.13% over the past month, closing at $69.87 on February 22.
Investors may be interested to know that Marvell Technology Inc ranks higher than 90% of stocks in its industry, which is positioned at number 74 out of 146 industries. The company’s performance can be further explored with an Overall Score of 56, which provides insight into its rankings and implications for investors. Analysts recommend a Strong Buy for MRVL, with an average price target of $87.78.
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