As Wall Street Ups Price Targets on 4 Portfolio Stocks, Here's Our Take
There are fresh target movements for some of our holdings.
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* Bank of America, Apple, Nvidia, and Marvell get price target increases from Wall Street firms.
While we wait for Fed Chair Powell’s congessional testimony to get underway this morning, there are fresh price target movements for some of our portfolio holdings across Wall Street firms:
-- Piper Sandler upgraded Bank of America BAC to "Neutral" from "Underweight" and lifted its price target to $42 from $37.
-- Piper also boosted its price target for Apple AAPL to $225 from $190, which is another catch-up move for the research firm.
-- Citing no signs of a demand pause, KeyBanc upped its Nvidia NVDA target to $180 from $130. We will revisit our NVDA price target once we have Taiwan Semi’s June revenue report in hand.
-- KeyBanc also boosted its Marvell Technology MRVL target to $95 from $90 amid improving optical networking demand and the benefit of ramping AI chip business with Amazon AMZN Web Services and Alphabet GOOGL. We would simply say our MRVL thesis is starting to play out.
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At the time of publication, TheStreet Pro Portfolio was long BAC, AAPL, AMZN and GOOGL.
