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Analysts’ Opinions Are Mixed on These Technology Stocks: Marvell (MRVL), Paycom (PAYC) and Bel Fuse Inc (BELFB)

Tipranks - Sat Mar 7, 6:14AM CST

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Marvell (MRVLResearch Report), Paycom (PAYCResearch Report) and Bel Fuse Inc (BELFBResearch Report).

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Marvell (MRVL)

Cantor Fitzgerald analyst C J Muse maintained a Hold rating on Marvell yesterday and set a price target of $100.00. The company’s shares closed last Thursday at $75.68.

According to TipRanks.com, Muse is a top 25 analyst with an average return of 60.1% and a 71.0% success rate. Muse covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Applied Materials, and Western Digital. ;'>

Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $121.87, implying a 54.5% upside from current levels. In a report released today, TipRanks – xAI also downgraded the stock to Hold with a $81.00 price target.

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Paycom (PAYC)

In a report released yesterday, Matthew VanVliet from Cantor Fitzgerald maintained a Hold rating on Paycom, with a price target of $135.00. The company’s shares closed last Thursday at $136.66.

According to TipRanks.com, VanVliet is ranked 0 out of 5 stars with an average return of -7.6% and a 37.4% success rate. VanVliet covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Tyler Technologies, and Sprout Social. ;'>

Paycom has an analyst consensus of Moderate Buy, with a price target consensus of $150.36, which is a 12.0% upside from current levels. In a report released today, TipRanks – Google also downgraded the stock to Hold with a $147.00 price target.

Bel Fuse Inc (BELFB)

In a report released today, Bobby Brooks from Northland Securities maintained a Buy rating on Bel Fuse Inc, with a price target of $266.00. The company’s shares closed last Thursday at $202.58.

According to TipRanks.com, Brooks is a 5-star analyst with an average return of 36.6% and a 64.7% success rate. Brooks covers the Industrial Goods sector, focusing on stocks such as Innovative Solutions And Support, Ceco Environmental, and Tetra Technologies. ;'>

Bel Fuse Inc has an analyst consensus of Strong Buy, with a price target consensus of $258.00, which is a 23.4% upside from current levels. In a report issued on February 19, Needham also maintained a Buy rating on the stock with a $250.00 price target.

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