Goldman Sachs Maintains Buy, $18 PT on Marvel Technology

Goldman Sachs reiterates its Buy rating and $18 price target on Marvel Technology (NASDAQ: MRVL) as the company management sees value in value smartphones.

Goldman Sachs says, "In wireless, management believes that RIMM's low-end handset business will continue to contribute in the foreseeable future. The company sees its growth potential coming from the value smartphone market. Management believes that by mid-year 2012, SSDs will ship in greater volumes and investors will have a better understanding of the company's position as a supplier of SSD controllers for consumer notebooks. The company expects to grow its share in SSD controllers over the next 12-to-18 months."

MRVL closed at $14.58 per share on Tuesday.