Analysts Offer Insights on Technology Companies: Marvell (MRVL), Edgio (EGIO) and Markforged Holding (MKFG)

Analysts have been eager to weigh in on the Technology sector with new ratings on Marvell (MRVL – Research Report), Edgio (EGIO – Research Report) and Markforged Holding (MKFG – Research Report).

Marvell (MRVL)

In a report released today, Christian Schwab from Craig-Hallum reiterated a Buy rating on Marvell, with a price target of $88.00. The company’s shares closed last Thursday at $71.53.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 17.6% and a 60.0% success rate. Schwab covers the Technology sector, focusing on stocks such as NEXTracker, Inc. Class A, Advanced Micro Devices, and Axcelis Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $89.81 average price target, implying a 24.3% upside from current levels. In a report issued on April 4, Bank of America Securities also maintained a Buy rating on the stock with a $95.00 price target.

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Edgio (EGIO)

In a report released today, Jeff Van Rhee from Craig-Hallum reiterated a Buy rating on Edgio, with a price target of $10.00. The company’s shares closed last Thursday at $17.28.

According to TipRanks.com, Rhee is a 4-star analyst with an average return of 7.2% and a 44.9% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, BlackSky Technology, and Alkami Technology.

Currently, the analyst consensus on Edgio is a Moderate Buy with an average price target of $8.50.

Markforged Holding (MKFG)

In a report released today, Greg Palm from Craig-Hallum maintained a Hold rating on Markforged Holding. The company’s shares closed last Thursday at $0.74, close to its 52-week low of $0.61.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 11.1% and a 53.9% success rate. Palm covers the Technology sector, focusing on stocks such as Sportradar Group AG, SkyWater Technology, and Faro Technologies.

Markforged Holding has an analyst consensus of Moderate Buy, with a price target consensus of $1.48.

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Read More on MRVL:

• Marvell (NASDAQ:MRVL): A New Customer Win Fails to Prpel Stock Growth
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