JP Morgan Upped Its Price Expectations For This Tech Stock (MRVL) And 70 Hedge Funds Already Own It – Should You?

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Stock traders are notorious for mimicking successful investment strategies and if you're one of them, JP Morgan's recent upgrade of Marvell Technology may interest you. Seventy hedge funds are also invested in this stock. Keep reading to discover why.Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!Trending: The Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4515":"5G概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","MRVL":"迈威尔科技","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4534":"瑞士信贷持仓","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","BK4588":"碎股","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","BK4141":"半导体产品","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","BK4581":"高盛持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4504":"桥水持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0971096721.USD":"富达环球金融服务 A","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD"},"translate_title":"摩根大通上调了对这只科技股(MRVL)的价格预期，70家对冲基金已经持有它——你应该吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRVL":1,"US7Y.BOND":0.67,"US10Y.BOND":0.67,"US12M.BOND":0.67,"US2Y.BOND":0.67,"US30Y.BOND":0.67,"US3Y.BOND":0.67,"US5Y.BOND":0.67,"US6M.BOND":0.67},"content_text":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.\nIt has been said that \"imitation is the sincerest form of flattery.\" Although that truism may have once applied to fashion designers following and duplicating the hottest new trends in clothing, it could also apply to investors. Stock traders are notorious for mimicking successful investment strategies and if you're one of them, JP Morgan's recent upgrade of Marvell Technology may interest you. Seventy hedge funds are also invested in this stock. Keep reading to discover why.\nDon't Miss:\n\nCommercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!\nMaker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.\n\nMarvell Technology (Nasdaq: MRVL) is one of the many companies that has thrived in the ecosystem created by the AI revolution. The company makes high-performance semiconductors geared toward serving data centers. It's no secret that a race is underway to see which Big Tech outfit can create the smartest, fastest and most reliable AI. Data centers and semiconductors are key elements in that race.\nSince Marvell Technology's products help data centers store information in larger quantities and access that data more efficiently, it is poised to be a key player in AI's ongoing development. JP Morgan analyst Harlan Sur certainly thinks so. He recently elevated his price target for Marvell from $90 to $130, predicting the stock will increase by nearly 50%.\nSee Also: Deloitte's fastest-growing software company partnered with Amazon, Walmart & Target announces the deadline to invest this year is 12/20. –  Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!\nSur's bullish upgrade on Marvell is partly motivated by the extent to which the company's strong Q3 2024 exceeded analysts' expectations. Marvell reported sales of $1.52 billion, a significant improvement on the consensus analyst expectation of $1.46 billion. A large portion of Marvell's surge in sales is due to the popularity of its bespoke AI accelerator chips for hyperscale data center builders.\nHyperscale data centers are mission-critical assets in the quest to harness AI's power and several tech titans are actively building them. On Marvell's Q3 2024 earnings call, CEO Matt Murphy revealed that his company had secured deals to provide semiconductors for hyperscale data center projects by Google and Amazon. This should translate to a generous market share and solid long-term revenue for Marvell.\nTrending: The Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).\nIt's also worth noting that JP Morgan's Harlan Sur isn't the only investment pro who believes in Marvell's long-term potential. According to Insider Monkey, 70 different hedge funds are actively invested in Marvell. It's a good thing they did. Marvell spent much of 2024 fluctuating between the low $50 range and $88 before surging to its current price of $120.77. Most of that growth has come since the Q3 2024 earnings were announced.\nConsidering that Marvell is already at $120 and the company's deals with Amazon and Google should generate strong revenue for 2025, it's certainly possible that Marvell stock will hit Harlan Sur's $130 price target. The next question to consider is whether Marvell Technology is right for you. JP Morgan's revised price target is encouraging, but analysts at Goldman Sachs and Loop Capital have set lower price targets despite giving Marvell a \"buy now\" rating.\nThe semiconductor market is lucrative but notoriously competitive. Companies like Broadcom and Nvidia operate in this sector, meaning Marvell can't afford to rest on its laurels. With that said, the continued growth of AI is likely to keep hyperscale data center demand high for the foreseeable future. That could make Marvell a solid potential growth stock to buy and hold while riding the AI investment wave.\nWondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.\nLooking For Higher-Yield Opportunities In A Shifting Market?\nThe changing interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks... Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. \nFor instance, the Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).\nDon't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. \nThis article JP Morgan Upped Its Price Expectations For This Tech Stock (MRVL) And 70 Hedge Funds Already Own It – Should You? originally appeared on Benzinga.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492900829"}