There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Marvell (MRVL – Research Report) and American Software (AMSWA – Research Report) with bullish sentiments.
Marvell (MRVL)
Needham analyst Quinn Bolton maintained a Buy rating on Marvell today and set a price target of $66.00. The company’s shares closed last Thursday at $55.09.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of
Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $75.10, a 45.8% upside from current levels. In a report issued on August 18, Susquehanna also reiterated a Buy rating on the stock with a $90.00 price target.
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American Software (AMSWA)
In a report released yesterday, Matthew Galinko from Maxim Group maintained a Buy rating on American Software, with a price target of $29.00. The company’s shares closed last Thursday at $17.62, close to its 52-week low of $15.02.
According to TipRanks.com, Galinko is a 1-star analyst with an average return of
American Software has an analyst consensus of Moderate Buy, with a price target consensus of $26.00.
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