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
189,60 €
12,66 %
Die Marvell Technology Inc. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 235 € für Marvell Technology Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 189.6 €.
