Analysts Conflicted on These Technology Names: Smartsheet (SMAR), MongoDB (MDB) and Marvell (MRVL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Smartsheet (SMAR – Research Report), MongoDB (MDB – Research Report) and Marvell (MRVL – Research Report).

Smartsheet (SMAR)

Barclays analyst Ryan MacWilliams maintained a Hold rating on Smartsheet today and set a price target of $50.00. The company’s shares closed last Thursday at $41.79.

According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 15.1% and a 61.1% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Zeta Global Holdings Corp, and RingCentral.

Smartsheet has an analyst consensus of Moderate Buy, with a price target consensus of $55.00.

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MongoDB (MDB)

In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on MongoDB, with a price target of $458.00. The company’s shares closed last Thursday at $412.01.

According to TipRanks.com, Lenschow is a 4-star analyst with an average return of 4.6% and a 51.9% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, DigitalOcean Holdings, and DoubleVerify Holdings.

MongoDB has an analyst consensus of Moderate Buy, with a price target consensus of $469.13, implying a 15.5% upside from current levels. In a report issued on February 22, Bank of America Securities also maintained a Buy rating on the stock with a $555.00 price target.

Marvell (MRVL)

Barclays analyst Thomas O’Malley maintained a Buy rating on Marvell yesterday and set a price target of $75.00. The company’s shares closed last Thursday at $85.09, close to its 52-week high of $85.76.

According to TipRanks.com, O’Malley is a 5-star analyst with an average return of 12.7% and a 57.2% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices.

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $82.40, which is a 1.5% upside from current levels. In a report issued on March 4, B.Riley Financial also maintained a Buy rating on the stock with a $95.00 price target.

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