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Mrvl stock forecast strong backlog for cloud hardware
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Strong backlog for cloud hardware solutions boosts mrvl stock forecast confidence among equity research firms. In a note to clients, analysts at UBS highlighted 10 buy-rated stocks within the two sectors, which represented the bank's "highest-conviction calls" in that segment of the market. The calls also reflected companies where UBS had a "differentiated view" or proprietary data that supported its bullish call, analysts said. For the fiscal third quarter, the company called for revenue to be $2.06 billion, plus or minus 5%. That was slightly below the $2.11 billion forecast by analysts, according to LSEG. The mrvl stock forecast continues to improve thanks to successful integration of Inphi acquisition, enhancing product portfolio competitiveness.