Analyst ratings for Marvell Technology

Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/26/2024 21.33% UBS $70 → $83 Maintains Buy 01/23/2024 16.94% Cantor Fitzgerald → $80 Initiates Coverage On → Overweight 01/19/2024 14.02% Raymond James $62 → $78 Maintains Outperform 01/16/2024 9.63% Barclays $70 → $75 Maintains Overweight 01/12/2024 9.63% Citigroup $61 → $75 Maintains Buy 12/05/2023 2.32% Barclays $75 → $70 Maintains Overweight 12/01/2023 2.32% UBS $75 → $70 Maintains Buy 12/01/2023 2.32% Piper Sandler $75 → $70 Maintains Overweight 12/01/2023 9.63% Benchmark → $75 Reiterates Buy → Buy 12/01/2023 -4.98% Susquehanna $70 → $65 Maintains Positive 12/01/2023 -7.91% Morgan Stanley $65 → $63 Maintains Equal-Weight 12/01/2023 -9.37% Raymond James $64 → $62 Maintains Outperform On 12/01/2023, Needham adjusted the target price to $65, with a decrease of 4.98%, maintaining a Buy rating. Rosenblatt reiterated the Buy rating on 12/01/2023, setting the target price at $100, with an increase of 46.18%. Keybanc maintained an Overweight rating on 12/01/2023, lowering the target price from $80 to $70, with a 2.32% increase. Rosenblatt reiterated the Buy rating on 11/30/2023, with a target price of $100 and a 46.18% increase. Roth MKM initiated coverage on 11/14/2023, setting the target price at $60, with a -12.29% change to a Buy rating. On 08/25/2023, B of A Securities maintained a Buy rating, adjusting the target price from $80 to $75, with a 9.63% increase. Morgan Stanley maintained an Equal-Weight rating on 08/25/2023, adjusting the target price from $68 to $65, with a -4.98% change. B. Riley Securities maintained a Buy rating on 08/25/2023, adjusting the target price from $75 to $77, with a 12.56% increase. Oppenheimer reiterated an Outperform rating on 08/25/2023, setting the target price at $70, with a 2.32% increase. Needham reiterated a Buy rating on 08/25/2023, setting the target price at $65, with a -4.98% change. Rosenblatt reiterated the Buy rating on 08/25/2023, setting the target price at $100, with a 46.18% increase. Susquehanna maintained a Positive rating on 08/23/2023, adjusting the target price from $60 to $70, with a 2.32% increase. Rosenblatt reiterated the Buy rating on 08/22/2023, setting the target price at $100, with a 46.18% increase. B. Riley Securities upgraded the rating from Neutral to Buy on 08/18/2023, adjusting the target price from $60 to $75, with a 9.63% increase. 07/20/2023: Stifel maintains a Buy rating with a target price raised from $65 to $75, representing a 9.63% increase. Barclays also maintains an Overweight rating with the target price adjusted from $55 to $75. Wolfe Research initiates coverage with an Outperform rating and a target price of $80, reflecting a 16.94% increase. 07/11/2023: Keybanc maintains an Overweight rating with the target price raised from $70 to $80, a 16.94% increase. 06/21/2023: Stifel reiterates a Buy rating with a target price of $65, a -4.98% change. 06/16/2023: Morgan Stanley maintains an Equal-Weight rating with the target price adjusted from $55 to $68, a -0.6% change. 05/30/2023: Goldman Sachs maintains a Buy rating with the target price raised from $46 to $60, a -12.29% change. 05/26/2023: JP Morgan maintains an Overweight rating with the target price raised from $60 to $70, a 2.32% increase. Craig-Hallum maintains a Buy rating with the target price adjusted from $56 to $67, a -2.06% change. Oppenheimer reiterates an Outperform rating with a target price of $70. Evercore ISI Group maintains an Outperform rating with the target price adjusted from $60 to $70, a 2.32% increase. Raymond James maintains an Outperform rating with the target price adjusted from $50 to $64, a -6.45% change. Morgan Stanley maintains an Equal-Weight rating with the target price adjusted from $45 to $55, a -19.6% change. Susquehanna maintains a Positive view with the target price raised from $53 to $60, a -12.29% change. On May 26, 2023, Wells Fargo maintained an 'Overweight' rating for Wells Fargo, with a price target adjusted from $54 to $65, showing a decrease of 4.98%. TD Cowen also maintained an 'Outperform' rating for TD Cowen on the same day, with a price target adjusted from $50 to $65, reflecting a decrease of 4.98%. Stifel kept a 'Buy' rating for Stifel on May 26, 2023, with the price target adjusted from $56 to $65, a decrease of 4.98%. B of A Securities maintained a 'Buy' rating for B of A Securities on May 26, 2023, with the price target adjusted from $51 to $70, an increase of 2.32%. Rosenblatt reiterated a 'Buy' rating for Rosenblatt on May 26, 2023, with the price target remaining at $100, an increase of 46.18%. Needham also reiterated a 'Buy' rating for Needham on May 26, 2023, with the price target adjusted from $50 to $65, a decrease of 4.98%. Barclays maintained an 'Overweight' rating for Barclays on May 26, 2023, with the price target adjusted from $45 to $55, a decrease of 19.6%. Citigroup maintained a 'Buy' rating for Citigroup on May 26, 2023, with the price target adjusted from $58 to $61, a decrease of 10.83%. Deutsche Bank maintained a 'Buy' rating for Deutsche Bank on May 26, 2023, with the price target adjusted from $50 to $65, a decrease of 4.98%. Keybanc maintained an 'Overweight' rating for Keybanc on May 26, 2023, with the price target adjusted from $60 to $70, an increase of 2.32%. On May 19, 2023, Oppenheimer reiterated an 'Outperform' rating for Oppenheimer, with the price target remaining at $70, showing an increase of 2.32%. Stifel maintained a 'Buy' rating for Stifel on April 19, 2023, with the price target adjusted from $58 to $56, a decrease of 18.14%. On March 23, 2023, B of A Securities reiterated a 'Neutral' rating for B of A Securities, with the price target remaining unspecified, showing a decrease of 25.45%. Susquehanna reiterated a 'Positive' rating for Susquehanna on March 9, 2023, with the price target remaining at $50, showing a decrease of 26.91%. 03/06/2023: Goldman Sachs downgraded from $54 to $46, maintaining a Buy rating with a decrease of 32.76%. 03/03/2023: Craig-Hallum downgraded from $63 to $56, maintaining a Buy rating with a decrease of 18.14%. Morgan Stanley adjusted from $41 to $45, maintaining an Equal-Weight rating with a decrease of 34.22%. TD Cowen revised from $55 to $50, maintaining an Outperform rating with a decrease of 26.91%. B of A Securities downgraded from $52 to $51, maintaining a Buy rating with a decrease of 25.45%. Citigroup adjusted from $65 to $58, maintaining a Buy rating with a decrease of 15.22%. Goldman Sachs revised from $54 to $46, maintaining a Buy rating with a decrease of 32.76%. Piper Sandler adjusted from $55 to $50, maintaining an Overweight rating with a decrease of 26.91%. JP Morgan revised from $72 to $60, maintaining an Overweight rating with a decrease of 12.29%. Credit Suisse adjusted from $56 to $53, maintaining an Outperform rating with a decrease of 22.53%. Deutsche Bank revised from $55 to $50, maintaining a Buy rating with a decrease of 26.91%. Susquehanna revised from $55 to $50, maintaining a Positive rating with a decrease of 26.91%. Raymond James adjusted from $54 to $50, maintaining an Outperform rating with a decrease of 26.91%. Needham maintained a Buy rating with no price change. 03/03/2023: Rosenblatt maintains a Buy rating, with a target price lowered from $125 to $100, a decrease of 46.18%. Keybanc also maintains an Overweight rating, with the target price adjusted from $65 to $60, a decrease of 12.29%. 03/02/2023: Raymond James reinstates coverage with an Outperform rating and a target price of $54, a decrease of 21.06%. 03/01/2023: Rosenblatt reiterates a Buy rating with a target price of $125, an increase of 82.72%. 02/22/2023: Susquehanna maintains a Positive rating, with the target price lowered from $60 to $55, a decrease of 19.6%. 01/23/2023: Barclays maintains an Overweight rating, with the target price adjusted from $55 to $45, a decrease of 34.22%. 12/15/2022: Evercore ISI Group maintains an Outperform rating, with the target price unchanged at $60, a decrease of 12.29%. 12/02/2022: Various analysts maintain their ratings with target price adjustments: Craig-Hallum: Buy rating, target price lowered from $90 to $63, a decrease of 7.91%. TD Cowen: Outperform rating, target price lowered from $70 to $55, a decrease of 19.6%. Citigroup: Buy rating, target price lowered from $71 to $65, a decrease of 4.98%. Morgan Stanley: Equal-Weight rating, target price lowered from $60 to $41, a decrease of 40.07%. UBS: Buy rating, target price lowered from $80 to $75, an increase of 9.63%. JP Morgan: Overweight rating, target price lowered from $75 to $72, an increase of 5.25%. Goldman Sachs: Buy rating, target price lowered from $62 to $54, a decrease of 21.06%. On 12/02/2022, Wells Fargo downgraded the stock by 21.06% from $58 to $54, maintaining an Overweight rating. Barclays also downgraded the stock on 12/02/2022 by 19.6% from $60 to $55, with an Overweight rating. Raymond James maintained an Outperform rating on 12/02/2022, lowering the stock by 12.29% from $80 to $60. Piper Sandler maintained an Overweight rating on 12/02/2022, decreasing the stock by 19.6% from $80 to $55. Needham maintained a Buy rating on 12/02/2022, reducing the stock by 26.91% from $64 to $50. Keybanc maintained an Overweight rating on 12/02/2022, lowering the stock by 4.98% from $75 to $65. On 11/28/2022, Oppenheimer maintained an Outperform rating, with a 16.94% increase from $90 to $80. Credit Suisse initiated coverage on 11/16/2022 with an Outperform rating, without specifying the price. Deutsche Bank maintained a Buy rating on 10/18/2022, decreasing the stock by 19.6% from $65 to $55. Citigroup maintained a Buy rating on 10/11/2022, with a slight decrease from $74 to $71. Wells Fargo upgraded the stock on 10/11/2022 from Equal-Weight to Overweight, with a 15.22% decrease from an unspecified price to $58. B. Riley Securities maintained a Neutral rating on 10/04/2022, lowering the stock by 23.99% from $63 to $52. Stifel maintained a Buy rating on 09/29/2022, with a 2.32% increase from $78 to $70. Exane BNP Paribas initiated coverage on 09/13/2022 with an Outperform rating, without specifying the price. On 08/29/2022, Citigroup maintained a Buy rating with a target price change from $78 to $74, representing a decrease of 8.17%. On 08/26/2022, Morgan Stanley maintained an Equal-Weight rating with a target price change from $62 to $60, a decrease of 12.29%. On 08/26/2022, Goldman Sachs maintained a Buy rating with a target price change from $55 to $62, a decrease of 9.37%. On 08/26/2022, Wells Fargo maintained an Equal-Weight rating with a target price change from $65 to $58, a decrease of 15.22%. On 08/26/2022, Keybanc maintained an Overweight rating with a target price change from $90 to $75, an increase of 9.63%. On 07/25/2022, Barclays maintained an Overweight rating with a target price change from $80 to $60, a decrease of 12.29%. On 07/22/2022, Benchmark assumed coverage with a Buy rating and a target price of $70, representing an increase of 2.32%. On 07/20/2022, Deutsche Bank maintained a Buy rating with a target price change from $75 to $65, a decrease of 4.98%. On 07/18/2022, Evercore ISI Group maintained an Outperform rating with a target price change from $85 to $70, a decrease of 2.32%. On 06/29/2022, B of A Securities maintained a Buy rating with a target price change from $90 to $60, a decrease of 12.29%. On 06/15/2022, B. Riley Securities downgraded from Buy to Neutral with a target price change from $75 to $63, a decrease of 7.91%. On 06/10/2022, Morgan Stanley maintained an Equal-Weight rating with a target price change from $68 to $62, a decrease of 9.37%. On 05/27/2022, Citigroup maintained a Buy rating with a target price change from $90 to $78, a decrease of 14.02%. On 05/27/2022, BMO Capital maintained an Outperform rating with a target price change from $98 to $82, a decrease of 19.87%. On May 27, 2022, Cowen & Co. maintained an Outperform rating, with a target price adjusted from $100 to $85, representing a change of -24.25%. B of A Securities also maintained a Buy rating on the same day, with the target price adjusted from $100 to $90, a change of -31.56%. Morgan Stanley maintained an Equal-Weight rating on May 27, 2022, with the target price adjusted from $80 to $68, a change of -0.6%. Needham kept a Buy rating on May 27, 2022, with the target price maintained at $105, but adjusted to $75, a change of -9.63%. Keybanc maintained an Overweight rating on May 27, 2022, with the target price adjusted from $95 to $90, a change of -31.56%. On May 25, 2022, Susquehanna maintained a Positive rating, with the target price adjusted from $105 to $90, a change of -31.56%. B. Riley Securities maintained a Buy rating on May 23, 2022, with the target price adjusted from $95 to $72, a change of -5.25%. UBS also maintained a Buy rating on May 23, 2022, with the target price adjusted from $95 to $80, a change of -16.94%. Oppenheimer maintained an Outperform rating on May 20, 2022, with the target price adjusted from $110 to $90, a change of -31.56%. Barclays maintained an Overweight rating on April 25, 2022, with the target price adjusted from $90 to $80, a change of -16.94%. Raymond James upgraded from Market Perform to Outperform on April 25, 2022, with the target price not specified. Deutsche Bank maintained a Buy rating on April 20, 2022, with the target price adjusted from $90 to $80, a change of -16.94%. On March 7, 2022, Susquehanna maintained a Positive rating, with the target price adjusted from $100 to $105, a change of 53.49%. Summit Insights Group downgraded from Buy to Hold on March 4, 2022, with details not provided. On March 4, 2022, Morgan Stanley maintained an Equal-Weight rating with a target price adjustment from $86 to $80, representing a change of -16.94%. B. Riley Securities also maintained a Buy rating on the same day, with a target price adjustment from $115 to $95, a change of -38.87%. Deutsche Bank maintained a Buy rating with a target price adjustment from $100 to $90 on March 4, 2022, reflecting a change of -31.56%. Wells Fargo, on March 4, 2022, maintained an Equal-Weight rating with a target price adjustment from $80 to $70, a change of -2.32%. Rosenblatt kept a Buy rating on March 4, 2022, with a target price adjustment from $120 to $125, a change of 82.72%. Needham also maintained a Buy rating on March 4, 2022, with a target price adjustment from $115 to $105, a change of 53.49%. On January 4, 2022, Needham maintained a Buy rating with a target price adjustment from $100 to $115, a change of 68.1%. Citigroup, on December 21, 2021, maintained a Buy rating with a target price adjustment from $87 to $97, a change of 41.79%. B of A Securities, on December 3, 2021, maintained a Buy rating with a target price adjustment from $80 to $115, a change of 68.1%. Citigroup, on December 3, 2021, maintained a Buy rating with a target price adjustment from $70 to $87, a change of 27.17%. Deutsche Bank, on December 3, 2021, maintained a Buy rating with a target price adjustment from $76 to $100, a change of 46.18%. Oppenheimer, on December 3, 2021, maintained an Outperform rating with a target price adjustment from $100 to $110, a change of 60.8%. Rosenblatt, on December 3, 2021, maintained a Buy rating with a target price adjustment from $100 to $120, a change of 75.41%. Cowen & Co., on December 3, 2021, upgraded their rating from Market Perform to Outperform with a target price adjustment from $66 to $100, a change of 46.18%. On December 3, 2021, Needham maintains a Buy rating with a target price raised from $75 to $100, representing a 46.18% increase. Morgan Stanley also maintains their Equal-Weight rating on the same day, with the target price adjusted from $63 to $86, a 25.71% increase. Stifel maintains a Buy rating on December 3, 2021, with the target price raised from $80 to $100, a 46.18% increase. B. Riley Securities maintains a Buy rating with the target price increased from $90 to $115 on December 3, 2021, reflecting a 68.1% rise. Goldman Sachs upgrades from Neutral to Buy on December 3, 2021, with the target price adjusted from $63 to $95, a 38.87% increase. Wells Fargo maintains an Equal-Weight rating on December 3, 2021, with the target price raised from $62 to $80, a 16.94% increase. BMO Capital maintains an Outperform rating on December 3, 2021, with the target price adjusted from $85 to $98, a 43.25% increase. Credit Suisse maintains an Outperform rating on December 3, 2021, with the target price raised from $85 to $105, a 53.49% increase. UBS maintains a Buy rating on December 3, 2021, with the target price adjusted from $87 to $95, a 38.87% increase. Keybanc maintains an Overweight rating on December 3, 2021, with the target price raised from $80 to $95, a 38.87% increase. Susquehanna maintains a Positive rating on December 1, 2021, with the target price adjusted from $75 to $82, a 19.87% increase. B. Riley Securities maintains a Buy rating on November 29, 2021, with the target price increased from $83 to $90, a 31.56% rise. Oppenheimer maintains an Outperform rating on November 23, 2021, with the target price raised from $75 to $100, a 46.18% increase. On October 7, 2021, TD Cowen maintains a Market Perform rating with the target price adjusted from $57 to $66, a decrease of 3.52%. 10/07/2021 B of A Securities: 16.94% increase, target price $75 → $80, maintains Buy rating. Morgan Stanley: 7.91% decrease, target price $61 → $63, maintains Equal-Weight rating. B. Riley Securities: 21.33% increase, target price $75 → $83, maintains Buy rating. Jefferies: 19.87% increase, target price $78 → $82, maintains Buy rating. Craig-Hallum: 24.25% increase, target price $63 → $85, upgrades from Hold to Buy. Needham: 9.63% increase, target price $69 → $75, maintains Buy rating. Rosenblatt: 46.18% increase, target price $85 → $100, maintains Buy rating. Credit Suisse: 24.25% increase, target price $70 → $85, maintains Outperform rating. Keybanc: 16.94% increase, target price $70 → $80, maintains Overweight rating. 09/28/2021 TD Cowen: 16.68% decrease, target price unchanged at $57, reiterates Market Perform rating. 08/27/2021 TD Cowen: 16.68% decrease, target price $55 → $57, maintains Market Perform rating. B of A Securities: 9.63% increase, target price $74 → $75, maintains Buy rating. Citigroup: 2.32% increase, target price $64 → $70, maintains Buy rating. Craig-Hallum: 7.91% decrease, target price unchanged at $63, downgrades from Buy to Hold. On 08/27/2021, Morgan Stanley maintained an Equal-Weight rating with a price target of $61, representing a -10.83% change. Wells Fargo also maintained an Equal-Weight rating on the same day, adjusting the price target from $50 to $62, a -9.37% change. Needham kept a Buy rating with a price target of $69, up from $67.5, reflecting a 0.86% change on 08/27/2021. Oppenheimer maintained an Outperform rating with a price target of $75, previously $70, showing a 9.63% change on 08/27/2021. Barclays and Keybanc both maintained an Overweight rating on 08/27/2021, with price targets adjusted from $60 to $70 and $65 to $70, respectively, both showing a 2.32% change. On 08/23/2021, TD Cowen maintained a Market Perform rating with a price target of $55, previously $50, reflecting a -19.6% change. Morgan Stanley also maintained an Equal-Weight rating on 08/23/2021, adjusting the price target from $49 to $57, a -16.68% change. Credit Suisse maintained an Outperform rating on 08/04/2021, with a price target of $70, previously $60, showing a 2.32% change. Needham kept a Buy rating on 08/04/2021, adjusting the price target from $55 to $67.5, a -1.33% change. B of A Securities maintained a Buy rating on 07/15/2021, with a price target of $74, previously $62, showing an 8.17% change. Keybanc maintained an Overweight rating on 07/06/2021, with a price target adjusted from $60 to $65, reflecting a -4.98% change. On 06/08/2021, B of A Securities maintained a Buy rating with a price target of $62, previously $60, showing a -9.37% change. Keybanc also maintained an Overweight rating on 06/08/2021, adjusting the price target from $55 to $60, a -12.29% change. 06/08/2021: Needham predicts a -19.6% change, setting the target price from $50 to $55, maintaining a Buy rating. Rosenblatt forecasts a 2.32% change, adjusting the target price from $60 to $70, also maintaining a Buy rating. 05/13/2021: Needham anticipates a -26.91% change, adjusting the target price from $47 to $50, maintaining a Buy rating. 04/26/2021: B of A Securities expects a -12.29% change, setting the target price from $58 to $60, maintaining a Buy rating. 03/08/2021: BMO Capital predicts a -26.91% change, adjusting the target price from $45 to $50, upgrading from Market Perform to Outperform. 03/01/2021: Morgan Stanley forecasts a -28.37% change, setting the target price from $44 to $49, maintaining an Equal-Weight rating. 01/25/2021: Citigroup anticipates a -6.45% change, adjusting the target price from $50 to $64, maintaining a Buy rating. 12/14/2020: Morgan Stanley expects a -35.68% change, setting the target price from $42 to $44, maintaining an Equal-Weight rating. 12/04/2020: Morgan Stanley predicts a -38.61% change, adjusting the target price from $40 to $42, maintaining an Equal-Weight rating. 10/30/2020: Craig-Hallum forecasts a -29.83% change, setting the target price from $44 to $48, upgrading from Hold to Buy. Morgan Stanley anticipates a -41.53% change, maintaining an Equal-Weight rating. 10/20/2020: Keybanc predicts a -19.6% change, reinstating the target price to $55 with an Overweight rating. 10/09/2020: Citigroup anticipates a -26.91% change, adjusting the target price from $43 to $50, maintaining a Buy rating. Craig-Hallum downgrades from Buy to Hold. 10/09/2020: Benchmark downgraded by -26.91% from $40 to $50, rating maintained as Buy. 10/09/2020: Needham downgraded by -31.3% from $39 to $47, rating maintained as Buy. 10/06/2020: UBS downgraded by -31.3% from $38 to $47, rating maintained as Buy. 10/05/2020: B. Riley Securities reiterated with a -29.83% change from $42 to $48, rating remains Buy. 10/02/2020: Rosenblatt reiterated with a -12.29% change from $50 to $60, rating remains Buy. 09/02/2020: Argus Research downgraded by -26.91% from $40 to $50, rating maintained as Buy. 08/28/2020: Rosenblatt downgraded by -26.91% from $42 to $50, rating maintained as Buy. 08/28/2020: Morgan Stanley downgraded by -45.91% from $36 to $37, rating maintained as Equal-Weight. 08/28/2020: Cowen & Co. upgraded from Underperform to Market Perform, with a -54.68% change to $31. 08/27/2020: Credit Suisse reinstated with an upgrade to Outperform, with a -34.22% change to $45. 08/03/2020: B of A Securities downgraded by -26.91% from $45 to $50, rating maintained as Buy. 07/20/2020: Barclays downgraded by -41.53% from $35 to $40, rating maintained as Overweight. 07/15/2020: Wells Fargo downgraded from Overweight to Equal-Weight, with a -48.84% change to $35. 06/29/2020: UBS downgraded by -44.45% from $35 to $38, rating maintained as Buy. 06/16/2020: Morgan Stanley maintained an Equal-Weight rating, with a decrease of 47.38% from $33.5 to $36. 06/01/2020: Morgan Stanley maintained an Equal-Weight rating, with a decrease of 51.03% from $25 to $33.5. 05/29/2020: CFRA maintained a Buy rating, with a decrease of 48.84% from $27 to $35. 05/29/2020: B. Riley Securities maintained a Buy rating, with a decrease of 44.45% from $34 to $38. 05/29/2020: Morgan Stanley maintained an Equal-Weight rating, with a decrease of 51.03% from $25 to $33.5. 05/29/2020: Rosenblatt reiterated a Buy rating, with a decrease of 38.61% from $32 to $42. 05/29/2020: Needham maintained a Buy rating, with a decrease of 50.3% from $28 to $34. 05/27/2020: Benchmark maintained a Buy rating, with a decrease of 48.84% from $30 to $35. 05/22/2020: B. Riley Securities maintained a Buy rating, with a decrease of 50.3% from $31 to $34. 05/21/2020: Citigroup maintained a Buy rating, with a decrease of 48.84% from $31 to $35. 04/15/2020: Needham maintained a Buy rating, with a decrease of 59.07% from $29 to $28. 04/13/2020: B. Riley Securities maintained a Buy rating, with a decrease of 54.68% from $25 to $31. 03/19/2020: B. Riley Securities maintained a Buy rating, with a decrease of 63.46% from $32 to $25. 03/06/2020: Citigroup maintained a Buy rating, with a decrease of 54.68% from $30 to $31. On 03/05/2020, Stifel maintains a Buy rating with a target price of $32, despite a -53.22% change. Piper Sandler reiterates an Overweight rating with a target price adjustment from $30 to $32 on 03/05/2020. Morgan Stanley maintains an Equal-Weight rating with a target price adjustment from $24 to $25 on 03/05/2020, reflecting a -63.46% change. B. Riley Securities maintains a Buy rating with a target price adjustment from $28 to $32 on 03/05/2020, despite a -53.22% change. On 03/02/2020, B. Riley Securities maintains a Buy rating with a target price adjustment from $32 to $28, reflecting a -59.07% change. SMBC Nikko initiates coverage on 02/11/2020 with an Outperform rating, setting the target price at $30, resulting in a -56.15% change. Cowen & Co. downgrades from Outperform to Underperform on 02/07/2020, with a target price adjustment from $27 to $18, reflecting a -73.69% change. Citigroup maintains a Buy rating with a target price adjustment from $29 to $30 on 12/05/2019, resulting in a -56.15% change. JP Morgan maintains an Overweight rating with a target price adjustment from $27 to $31 on 12/04/2019, reflecting a -54.68% change. Morgan Stanley maintains an Equal-Weight rating with a target price adjustment from $20 to $24 on 12/04/2019, resulting in a -64.92% change. BMO Capital downgrades from Outperform to Market Perform on 12/04/2019. Wells Fargo upgrades from Market Perform to Outperform on 11/04/2019, with a target price adjustment from $25 to $32, reflecting a -53.22% change. Stifel reinstates a Buy rating with a target price set at $29 on 10/04/2019, resulting in a -57.61% change. 08/30/2019: Craig-Hallum upgraded from Hold to Buy. 08/21/2019: Benchmark's target price decreased by 56.15% to $30, and it assumes a Buy rating. 07/22/2019: Goldman Sachs downgraded from $24 to $25, changing from Buy to Neutral. 07/17/2019: Citigroup maintained a Buy rating with a target price adjustment from $27 to $30. 07/15/2019: William Blair initiated coverage with an Outperform rating. 06/19/2019: Raymond James initiated coverage with a Market Perform rating. 05/31/2019: B. Riley Securities maintained a Buy rating with a target price adjustment from $30 to $28. 05/31/2019: Morgan Stanley maintained an Equal-Weight rating with a target price adjustment from $19 to $20. 05/31/2019: Citigroup maintained a Buy rating with a target price adjustment from $28 to $27. 05/31/2019: MKM Partners maintained a Buy rating with a target price adjustment from $25 to $28. 05/15/2019: Wells Fargo initiated coverage with a Market Perform rating and a target price of $24. 04/24/2019: UBS maintained a Buy rating with a target price adjustment from $22 to $29. 04/17/2019: B of A Securities reiterated a Buy rating with a target price adjustment from $24 to $28. 04/17/2019: Citigroup maintained a Buy rating with a target price adjustment from $22 to $28. Date Up/Down Analysis Firm Target Price Change Rating Change Previous/Current Rating February 26, 2024 21.33% UBS $70 → $83 Maintain Buy January 23, 2024 16.94% Cantor Fitzgerald → $80 Coverage Initiated → Overweight 01/19/2024 14.02% Raymond James $62 → $78 Maintain Outperform 01/16/2024 9.63% Barclays $70 → $75 Maintain Overweight 01/12/2024 9.63% Citigroup $61 → $75 Maintain Buy May 12, 2023 2.32% Barclays $75 → $70 Maintain Overweight 12/01/2023 2.32% UBS $75 → $70 Maintain Buy 12/01/2023 2.32% Piper Sandler $75 → $70 Maintain Overweight 12/01/2023 9.63% Benchmark → $75 Reiterate Buy → Buy 12/01/2023 -4.98% Susquehanna $70 → $65 Maintain Positive 12/01/2023 -7.91% Morgan Stanley $65 → $63 Maintain Equal-weight 12/01/2023 -9.37% Raymond James $64 → $62 Maintain Outperform 12/01/2023 -4.98% Needham → $65 Reiterate Buy → Buy 12/01/2023 46.18% Rosenblatt → $100 Reiterate Buy → Buy 12/01/2023 2.32% Keybanc $80 → $70 Maintain Overweight 11/30/2023 46.18% Rosenblatt → $100 Reiterate Buy → Buy 11/14/2023: Roth MKM initiated coverage with a target price of $60, a decrease of 12.29%, recommending a buy. 08/25/2023: B of A Securities maintained a target price at $75, down from $80, with a 9.63% change, advising to buy. 08/25/2023: Morgan Stanley kept the target price at $65, down from $68, with a 4.98% change, rating it as equal weight. 08/25/2023: B. Riley Securities maintained a target price at $77, up from $75, with a 12.56% change, suggesting a buy. 08/25/2023: Oppenheimer reiterated a target price of $70, up by 2.32%, outperforming the market. 08/25/2023: Needham reiterated a target price of $65, with a 4.98% change, recommending to buy. 08/25/2023: Rosenblatt reiterated a target price of $100, up by 46.18%, advising to buy. 08/23/2023: Susquehanna maintained a target price at $70, up from $60, with a 2.32% change, showing a positive outlook. 08/22/2023: Rosenblatt reiterated a target price of $100, up by 46.18%, suggesting a buy. 08/18/2023: B. Riley Securities upgraded the target price from $60 to $75, with a 9.63% change, changing the rating from neutral to buy. 07/20/2023: Stifel maintained a target price at $75, up from $65, with a 9.63% change, recommending to buy. 07/20/2023: Barclays maintained a target price at $75, up from $55, with a 9.63% change, rating it as overweight. 07/20/2023: Wolfe Research initiated coverage with a target price of $80, up by 16.94%, outperforming the market. 07/11/2023: Keybanc maintained a target price at $80, up from $70, with a 16.94% change, rating it as overweight. 06/21/2023: Stifel reiterated a target price of $65, with a 4.98% change, recommending to buy. 06/16/2023: Morgan Stanley maintained a target price at $68, up from $55, with a 0.6% change, rating it as equal weight. 05/30/2023: Goldman Sachs maintained a target price at $60, up from $46, with a 12.29% change, advising to buy. 05/26/2023: J.P. Morgan maintained a target price at $70, up from $60, with a 2.32% change, rating it as overweight. | 05/26/2023 | -2.06% | Craig-Hallum | $56 → $67 | Maintain | Buy | | 05/26/2023 | 2.32% | Oppenheimer | → $70 | Reiterate | Outperform → Outperform | | 05/26/2023 | 2.32% | Evercore ISI Group | $60 → $70 | Maintain | Outperform | | 05/26/2023 | -6.45% | Raymond James | $50 → $64 | Maintain | Outperform | | 05/26/2023 | -19.6% | Morgan Stanley | $45 → $55 | Maintain | Equal weight | | 05/26/2023 | -12.29% | Susquehanna | $53 → $60 | Maintain | Positive | | 05/26/2023 | -4.98% | Wells Fargo | $54 → $65 | Maintain | Overweight | | 05/26/2023 | -4.98% | TD Cowen | $50 → $65 | Maintain | Outperform | | 05/26/2023 | -4.98% | Stifel | $56 → $65 | Maintain | Buy | | 05/26/2023 | 2.32% | B of A Securities | $51 → $70 | Maintain | Buy | | 05/26/2023 | 46.18% | Rosenblatt | → $100 | Reiterate | Buy → Buy | | 05/26/2023 | -4.98% | Needham | $50 → $65 | Reiterate | Buy → Buy | | 05/26/2023 | -19.6% | Barclays | $45 → $55 | Maintain | Overweight | | 05/26/2023 | -10.83% | Citi Group | $58 → $61 | Maintain | Buy | | 05/26/2023 | -4.98% | Deutsche Bank | $50 → $65 | Maintain | Buy | | 05/26/2023 | 2.32% | Keybanc | $60 → $70 | Maintain | Overweight | | 05/19/2023 | 2.32% | Oppenheimer | → $70 | Reiterate | Outperform → Outperform | 04/19/2023: Stifel downgraded from $58 to $56, maintaining a buy rating with a decrease of 18.14%. 03/23/2023: B of A Securities reiterated a neutral rating at $51, with a decrease of 25.45%. 03/09/2023: Susquehanna reiterated a positive rating at $50, with a decrease of 26.91%. 03/06/2023: Goldman Sachs downgraded from $54 to $46, maintaining a buy rating with a decrease of 32.76%. 03/03/2023: Craig-Hallum downgraded from $63 to $56, maintaining a buy rating with a decrease of 18.14%. Morgan Stanley maintained an equal weight rating at $45, with a decrease of 34.22%. TD Cowen maintained an outperform rating at $50, with a decrease of 26.91%. B of A Securities maintained a buy rating at $51, with a decrease of 25.45%. Citigroup maintained a buy rating at $58, with a decrease of 15.22%. Piper Sandler maintained an overweight rating at $50, with a decrease of 26.91%. JPMorgan Chase maintained an overweight rating at $60, with a decrease of 12.29%. Credit Suisse maintained an outperform rating at $53, with a decrease of 22.53%. Deutsche Bank maintained a buy rating at $50, with a decrease of 26.91%. Susquehanna maintained a positive rating at $50, with a decrease of 26.91%. Raymond James maintained an outperform rating at $50, with a decrease of 26.91%. Needham maintained a buy rating at $50, with a decrease of 26.91%. 03/03/2023: Rosenblatt maintains a buy rating on $125 to $100. Keybanc maintains an overweight rating on $65 to $60. 03/02/2023: Raymond James downgrades to outperform from beating the market at $54. 03/01/2023: Rosenblatt reiterates a buy rating at $125. 02/22/2023: Susquehanna maintains a positive rating on $60 to $55. 01/23/2023: Barclays maintains an overweight rating on $55 to $45. 12/15/2022: Evercore ISI Group maintains an outperform rating on $70 to $60. 12/02/2022: Craig-Hallum maintains a buy rating on $90 to $63. TD Cowen maintains an outperform rating on $70 to $55. Citi Group maintains a buy rating on $71 to $65. Morgan Stanley maintains an equal weight rating on $60 to $41. UBS maintains a buy rating on $80 to $75. JPMorgan maintains an overweight rating on $75 to $72. Goldman Sachs maintains a buy rating on $62 to $54. Wells Fargo maintains an overweight rating on $58 to $54. Barclays maintains an overweight rating on $60 to $55. Raymond James maintains an outperform rating on $80 to $60. 12/02/2022: Piper Sandler downgraded from $80 to $55, rating maintained at overweight, a decrease of 19.6%. Needham downgraded from $64 to $50, rating maintained at buy, a decrease of 26.91%. Keybanc downgraded from $75 to $65, rating maintained at overweight, a decrease of 4.98%. 11/28/2022: Oppenheimer upgraded from $90 to $80, rating maintained at outperform, an increase of 16.94%. 11/16/2022: Credit Suisse initiated coverage at $56, outperforming the market, with a decrease of 18.14%. 10/18/2022: Deutsche Bank downgraded from $65 to $55, rating maintained at buy, a decrease of 19.6%. 10/11/2022: Citigroup downgraded from $74 to $71, rating maintained at buy, a decrease of 3.79%. Wells Fargo downgraded to $58, upgraded to overweight from equal weight, a decrease of 15.22%. 04/10/2022: B. Riley Securities downgraded from $63 to $52, rating maintained at neutral, a decrease of 23.99%. 09/29/2022: Stifel downgraded from $78 to $70, rating maintained at buy, a decrease of 2.32%. 09/13/2022: Exane BNP Paribas initiated coverage at $62, outperforming the market, with a decrease of 9.37%. 08/29/2022: Citigroup downgraded from $78 to $74, rating maintained at buy, a decrease of 8.17%. 08/26/2022: Morgan Stanley downgraded from $62 to $60, rating maintained at equal weight, a decrease of 12.29%. Goldman Sachs downgraded from $55 to $62, rating maintained at buy, a decrease of 9.37%. Wells Fargo downgraded from $65 to $58, rating maintained at equal weight, a decrease of 15.22%. Keybanc downgraded from $90 to $75, rating maintained at overweight, an increase of 9.63%. 07/25/2022: Barclays downgraded from $80 to $60, rating maintained at overweight, a decrease of 12.29%. 07/22/2022: Benchmark at 2.32%, target price of $70 → Buy 07/20/2022: Deutsche Bank at -4.98%, price from $75 to $65, maintain Buy 07/18/2022: Evercore ISI Group at 2.32%, price from $85 to $70, outperform market 06/29/2022: B of A Securities at -12.29%, price from $90 to $60, maintain Buy 06/15/2022: B. Riley Securities at -7.91%, price from $75 to $63, downgrade from Buy to Neutral 06/10/2022: Morgan Stanley at -9.37%, price from $68 to $62, maintain Equal Weight 05/27/2022: Citigroup at 14.02%, price from $90 to $78, maintain Buy 05/27/2022: BMO Capital at 19.87%, price from $98 to $82, outperform market 05/27/2022: Cowen & Co. at 24.25%, price from $100 to $85, outperform market 05/27/2022: B of A Securities at 31.56%, price from $100 to $90, maintain Buy 05/27/2022: Morgan Stanley at -0.6%, price from $80 to $68, maintain Equal Weight 05/27/2022: Needham at 9.63%, price from $105 to $75, maintain Buy 05/27/2022: Keybanc at 31.56%, price from $95 to $90, maintain Overweight 05/25/2022: Susquehanna at 31.56%, price from $105 to $90, maintain Positive 05/23/2022: B. Riley Securities at 5.25%, price from $95 to $72, maintain Buy 05/23/2022: UBS at 16.94%, price from $95 to $80, maintain Buy 05/20/2022: Oppenheimer at 31.56%, price from $110 to $90, outperform market 04/25/2022: Barclays maintains overweight rating on $90 to $80, downgraded by Raymond James to market perform from outperform. 04/20/2022: Deutsche Bank maintains buy rating on $90 to $80. 03/07/2022: Susquehanna maintains positive outlook on $100 to $105. 03/04/2022: Summit Insights downgrades buy to hold, Morgan Stanley maintains equal weight on $86 to $80, B. Riley Securities maintains buy on $115 to $95, Deutsche Bank maintains buy on $100 to $90, Wells Fargo maintains equal weight on $80 to $70, Rosenblatt maintains buy on $120 to $125, Needham maintains buy on $115 to $105. 04/01/2022: Needham maintains buy on $100 to $115. 12/21/2021: Citigroup maintains buy on $87 to $97. 03/12/2021: B of A Securities maintains buy on $80 to $115, Citigroup maintains buy on $70 to $87, Deutsche Bank maintains buy on $76 to $100, Oppenheimer maintains outperform on $100 to $110. Date Percentage Analyst Previous Price Recommendation Action March 12, 2021 75.41% Rosenblatt $100 → $120 Maintain Buy March 12, 2021 46.18% Cowen & Co. $66 → $100 Upgrade Outperform → Beat the market March 12, 2021 46.18% Needham $75 → $100 Maintain Buy March 12, 2021 25.71% Morgan Stanley $63 → $86 Maintain Equal weight March 12, 2021 46.18% Stifel $80 → $100 Maintain Buy March 12, 2021 68.1% B. Riley Securities $90 → $115 Maintain Buy March 12, 2021 38.87% Goldman Sachs $63 → $95 Upgrade Neutral → Buy March 12, 2021 16.94% Wells Fargo $62 → $80 Maintain Equal weight March 12, 2021 43.25% BMO Capital $85 → $98 Maintain Beat the market March 12, 2021 53.49% Credit Suisse $85 → $105 Maintain Beat the market March 12, 2021 38.87% UBS $87 → $95 Maintain Buy March 12, 2021 38.87% Keybanc $80 → $95 Maintain Overweight December 1, 2021 19.87% Susquehanna $75 → $82 Maintain Positive November 29, 2021 31.56% B. Riley Securities $83 → $90 Maintain Buy November 23, 2021 46.18% Oppenheimer $75 → $100 Maintain Beat the market July 10, 2021 -3.52% TD Cowen $57 → $66 Maintain Market perform July 10, 2021 16.94% increase B of A Securities Price target: $75 → $80 Rating: Maintain Buy -7.91% decrease Morgan Stanley Price target: $61 → $63 Rating: Maintain Equal Weight 21.33% increase B. Riley Securities Price target: $75 → $83 Rating: Maintain Buy 19.87% increase Jefferies Group Price target: $78 → $82 Rating: Maintain Buy 24.25% increase Craig-Hallum Price target: $63 → $85 Rating: Upgrade from Hold to Buy 9.63% increase Needham Price target: $69 → $75 Rating: Maintain Buy 46.18% increase Rosenblatt Price target: $85 → $100 Rating: Maintain Buy 24.25% increase Credit Suisse Price target: $70 → $85 Rating: Maintain Outperform 16.94% increase Keybanc Price target: $70 → $80 Rating: Maintain Overweight September 28, 2021 -16.68% decrease TD Cowen Price target: N/A → $57 Rating: Reiterate Market Perform August 27, 2021 -16.68% decrease TD Cowen Price target: $55 → $57 Rating: Maintain Market Perform 9.63% increase B of A Securities Price target: $74 → $75 Rating: Maintain Buy 2.32% increase Citi Group Price target: $64 → $70 Rating: Maintain Buy -7.91% decrease Craig-Hallum Price target: N/A → $63 Rating: Downgrade from Buy to Hold -10.83% decrease Morgan Stanley Price target: $57 → $61 Rating: Maintain Equal Weight -9.37% decrease Wells Fargo Price target: $50 → $62 Rating: Maintain Equal Weight Date Change Company Price Target Recommendation Rating 08/27/2021 0.86% Nidum $67.5 → $69 Maintain Buy 08/27/2021 9.63% Aobenheimer $70 → $75 Maintain Outperform 08/27/2021 2.32% Barclays $60 → $70 Maintain Overweight 08/27/2021 2.32% Keybanc $65 → $70 Maintain Overweight 08/23/2021 -19.6% TD Cowen $50 → $55 Maintain Market Perform 08/23/2021 -16.68% Morgan Stanley $49 → $57 Maintain Equal-weight 08/04/2021 2.32% Credit Suisse $60 → $70 Maintain Outperform 08/04/2021 -1.33% Nidum $55 → $67.5 Maintain Buy 07/15/2021 8.17% B of A Securities $62 → $74 Maintain Buy 06/07/2021 -4.98% Keybanc $60 → $65 Maintain Overweight 06/08/2021 -9.37% B of A Securities $60 → $62 Maintain Buy 06/08/2021 -12.29% Keybanc $55 → $60 Maintain Overweight 06/08/2021 -19.6% Nidum $50 → $55 Maintain Buy 06/08/2021 2.32% Rosenblatt $60 → $70 Maintain Buy 05/13/2021 -26.91% Nidum $47 → $50 Maintain Buy 04/26/2021 -12.29% B of A Securities $58 → $60 Maintain Buy 08/03/2021 -26.91% BMO Capital $45 → $50 Upgrade Market Perform → Outperform 03/01/2021: Morgan Stanley downgraded from $44 to $49, maintaining an 'Equal Weight' rating. 01/25/2021: Citigroup Group increased from $50 to $64, maintaining a 'Buy' rating. December 14, 2020: Morgan Stanley downgraded from $42 to $44, maintaining an 'Equal Weight' rating. 12/04/2020: Morgan Stanley downgraded from $40 to $42, maintaining an 'Equal Weight' rating. 10/30/2020: Craig-Hallum upgraded from $44 to $48, changing from 'Hold' to 'Buy'. 10/30/2020: Morgan Stanley downgraded from $37 to $40, maintaining an 'Equal Weight' rating. 10/20/2020: Keybanc resumed coverage at $55, changing to 'Overweight'. September 10, 2020: Citigroup Group increased from $43 to $50, maintaining a 'Buy' rating. September 10, 2020: Craig-Hallum downgraded from 'Buy' to 'Hold'. September 10, 2020: Benchmark increased from $40 to $50, maintaining a 'Buy' rating. September 10, 2020: Needham increased from $39 to $47, maintaining a 'Buy' rating. June 10, 2020: UBS maintained a 'Buy' rating, increasing from $38 to $47. May 10, 2020: B. Riley Securities reiterated a 'Buy' rating, increasing from $42 to $48. 10/02/2020: Rosenblatt reiterated a 'Buy' rating, increasing from $50 to $60. February 9, 2020: Argus Research maintained a 'Buy' rating, increasing from $40 to $50. 08/28/2020: Rosenblatt maintained a 'Buy' rating, increasing from $42 to $50. 08/28/2020: Morgan Stanley maintained an 'Equal Weight' rating, increasing from $36 to $37. Date Change Analyst Firm Price Target Action Previous Rating -> New Rating 08/28/2020 -54.68% Cowen & Co. → $31 Upgrade Underperform -> Market Perform 08/27/2020 -34.22% Credit Suisse → $45 Reiterate -> Outperforming the Market 08/03/2020 -26.91% B of A Securities $45 → $50 Maintain Buy 07/20/2020 -41.53% Barclays $35 → $40 Maintain Overweight 07/15/2020 -48.84% Wells Fargo → $35 Downgrade Overweight -> Equal Weight 06/29/2020 -44.45% UBS $35 → $38 Maintain Buy 06/16/2020 -47.38% Morgan Stanley $33.5 → $36 Maintain Equal-weight 06/01/2020 -51.03% Morgan Stanley $25 → $33.5 Maintain Equal-weight 05/29/2020 -48.84% CFRA $27 → $35 Maintain Buy 05/29/2020 -44.45% B. Riley Securities $34 → $38 Maintain Buy 05/29/2020 -51.03% Morgan Stanley $25 → $33.5 Maintain Equal-weight 05/29/2020 -38.61% Rosenblatt $32 → $42 Reiterate -> Buy 05/29/2020 -50.3% Needham $28 → $34 Maintain Buy 05/27/2020 -48.84% Benchmark $30 → $35 Maintain Buy 05/22/2020 -50.3% B. Riley Securities $31 → $34 Maintain Buy 05/21/2020 -48.84% Citigroup $31 → $35 Maintain Buy 04/15/2020 -59.07% Needham $29 → $28 Maintain Buy Date Change Analyst Price Target Recommendation Action --- --- --- --- --- --- April 13, 2020 -54.68% B. Riley Securities $25 → $31 Maintain Buy March 19, 2020 -63.46% B. Riley Securities $32 → $25 Maintain Buy 03/06/2020 -54.68% Citigroup $30 → $31 Maintain Buy 03/05/2020 -53.22% Stifel $30 → $32 Maintain Buy 03/05/2020 -53.22% Piper Sandler $30 → $32 Reiterate Overweight 03/05/2020 -63.46% Morgan Stanley $24 → $25 Maintain Equal-weight 03/05/2020 -53.22% B. Riley Securities $28 → $32 Maintain Buy 03/02/2020 -59.07% B. Riley Securities $32 → $28 Maintain Buy 02/11/2020 -56.15% Sumitomo Mitsui Banking Corporation → $30 Coverage Initiated Outperform Market 02/07/2020 -73.69% Cowen & Co. $27 → $18 Downgrade Outperform Market → Underperform 12/05/2019 -56.15% Citigroup $29 → $30 Maintain Buy April 12, 2019 -54.68% JPMorgan $27 → $31 Maintain Overweight April 12, 2019 -64.92% Morgan Stanley $20 → $24 Maintain Equal-weight April 12, 2019 — BMO Capital Downgrade Outperform Market → Market Perform 11/04/2019 -53.22% Wells Fargo $25 → $32 Upgrade Market Perform → Outperform Market 10/04/2019 -57.61% Stifel → $29 Resumed Coverage → Buy 08/30/2019 — Craig-Hallum Upgrade Hold → Buy 08/21/2019 -56.15% Benchmark → $30 Assume → Buy 07/22/2019 -63.46% Goldman Sachs $24 → $25 Downgrade Buy → Neutral 07/17/2019 -56.15% Citigroup $27 → $30 Maintain Buy 07/15/2019 — William Blair Coverage Initiated → Outperform Market 06/19/2019 — Raymond James Coverage Initiated → Market Perform 05/31/2019 -59.07% B. Riley Securities $30 → $28 Maintain Buy 05/31/2019 -70.76% Morgan Stanley $19 → $20 Maintain Equal-weight 05/31/2019 -60.53% Citigroup $28 → $27 Maintain Buy 05/31/2019 -59.07% MKM Partners $25 → $28 Maintain Buy 05/15/2019 -64.92% Wells Fargo → $24 Coverage Initiated → Market Perform April 24, 2019 -57.61% UBS $22 → $29 Maintain Buy 04/17/2019 -59.07% B of A Securities $24 → $28 Reiterate → Buy 04/17/2019 -59.07% Citigroup $22 → $28 Maintain