Analysts Conflicted on These Technology Names: Marvell (MRVL), DocuSign (DOCU) and Micron (MU)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Marvell (MRVL – Research Report), DocuSign (DOCU – Research Report) and Micron (MU – Research Report).

Marvell (MRVL)

Wells Fargo analyst Gary Mobley maintained a Buy rating on Marvell yesterday and set a price target of $90.00. The company’s shares closed last Thursday at $71.53.

According to TipRanks.com, Mobley is a 5-star analyst with an average return of 12.7% and a 57.7% success rate. Mobley covers the Technology sector, focusing on stocks such as Allegro MicroSystems, ARM Holdings PLC ADR, and Silicon Laboratories.

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $89.88, representing a 24.4% upside. In a report issued on April 8, KeyBanc also maintained a Buy rating on the stock with a $90.00 price target.

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DocuSign (DOCU)

In a report released yesterday, Michael Turrin from Wells Fargo maintained a Sell rating on DocuSign, with a price target of $48.00. The company’s shares closed last Thursday at $59.48.

According to TipRanks.com, Turrin has 0 stars on 0-5 stars ranking scale with an average return of -3.4% and a 48.0% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and CSG Systems International.

Currently, the analyst consensus on DocuSign is a Hold with an average price target of $66.77.

Micron (MU)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Micron yesterday and set a price target of $135.00. The company’s shares closed last Thursday at $127.51, close to its 52-week high of $130.54.

According to TipRanks.com, Rakers is a top 100 analyst with an average return of 27.6% and a 68.9% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies.

Currently, the analyst consensus on Micron is a Strong Buy with an average price target of $130.41, representing a 6.1% upside. In a report issued on April 8, KeyBanc also maintained a Buy rating on the stock with a $150.00 price target.

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Read More on MRVL:

• 3 Best Stocks to Buy Now, 4/8/2024, According to Top Analysts 
• Marvell price target lowered to $90 from $95 at KeyBanc
• TipRanks’ ‘Perfect 10’ List: Unveiling 2 Top Tech Stocks With the Highest Smart Score
• Micron Stock (NASDAQ:MU): Top Analyst Bullish on Growth Prospects
• 3 Best Stocks to Buy Now, 3/28/2024, According to Top Analysts