Goldman Sachs reiterates its Buy rating and $18 price target on Marvel Technology 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in