Syeda Seirut Javed
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We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other stocks on Jim Cramer and Wall Street’s radar.
On May 2, Cramer said that he would buy the stock of Marvell Technology, Inc. (NASDAQ:MRVL), as he commented:
“It’s, you know, its stock is the same price as it was before it got into AI. This is ridiculous. It’s below right around where Matt Murphy, the CEO, bought stock back, bought it personally. I would buy the stock of Marvell, and I’d buy it on Monday.”
An assembly line in a semiconductor factory, with workers at their stations.
Marvell Technology, Inc. (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure as it focuses on system-on-a-chip designs that integrate analog, mixed-signal, and digital processing. The company’s offerings include ethernet products, processors, custom chips, interconnect and storage solutions, and high-speed data transfer components.
On May 27, Susquehanna reduced its price target on the shares to $90 from $110 while maintaining a Positive rating. The firm expects results to meet expectations but sees more uncertainty around T2 volume rollout. Sentiment around XPUs and Inphi has also declined after the delayed Investor Day.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
