2 Reasons Marvell Technology Could Keep Getting Better
Marvell Technology Group (NASDAQ: MRVL) is showing no signs of slowing down. Shares of the chipmaker jumped more than 7% after it reported its latest results in late August, topping Wall Street estimates thanks to a strong performance by the company's storage business. Shares have continued to rise since then and the stock is up about 30% so far this year.
But investors who have missed Marvell Technology's rise so far in 2017 shouldn't feel they've missed out. The company is well-placed to ride secular growth trends in the storage and the automotive end markets, which could boost its revenue and earnings. Let's take a look at how these two areas are going to impact Marvell's fortunes.
Image source: Marvell Technology.
Source: Fool.com
Marvell Technology Inc. Aktie
63,58 €
-3,36 %
Die Community bevorzugt Marvell Technology Inc., mit deutlich mehr Buy- (52) als Sell-Einschätzungen (2).
Für Marvell Technology Inc. sieht die Community ein Kursziel von 82 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 63.58 € bedeutet.
