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Analysts Offer Insights on Technology Companies: Marvell (MRVL), Arista Networks (ANET) and DXC Technology (DXC)

Tipranks - Tipranks - Sat Jun 13, 6:36AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Marvell (MRVL), Arista Networks (ANET) and DXC Technology (DXC).

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Marvell (MRVL)

Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Marvell today and set a price target of $321.00. The company’s shares closed last Thursday at $280.71.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 41.4% and a 64.2% success rate. Svanberg covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Silicon Laboratories. ;'>

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $247.96, representing a -4.8% downside. In a report issued on May 28, Roth MKM also maintained a Buy rating on the stock with a $275.00 price target.

See today’s best-performing stocks on TipRanks >>

Arista Networks (ANET)

In a report released today, Aaron Rakers from Wells Fargo maintained a Buy rating on Arista Networks, with a price target of $185.00. The company’s shares closed last Thursday at $156.40.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 56.9% and a 73.0% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

Arista Networks has an analyst consensus of Strong Buy, with a price target consensus of $188.94, which is a 23.0% upside from current levels. In a report issued on June 3, William Blair also maintained a Buy rating on the stock.

DXC Technology (DXC)

In a report released today, Jonathan Lee CFA from Guggenheim maintained a Hold rating on DXC Technology. The company’s shares closed last Thursday at $8.82.

According to TipRanks.com, CFA ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -39.8% and a 5.3% success rate. CFA covers the Technology sector, focusing on stocks such as Kyndryl Holdings Incorporation, Epam Systems, and Accenture. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for DXC Technology with a $11.75 average price target, implying a 30.6% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock.

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