Analysts Offer Insights on Technology Companies: Arista Networks (NYSE: ANET), TripAdvisor Inc (NASDAQ: TRIP) and Marvell (NASDAQ: MRVL)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Arista Networks (NYSE: ANET), TripAdvisor Inc (NASDAQ: TRIP) and Marvell (NASDAQ: MRVL).

Arista Networks (NYSE: ANET)

In a report issued on May 26, Kulbinder Garcha from Credit Suisse reiterated a Hold rating on Arista Networks (NYSE: ANET), with a price target of $140. The company’s shares closed last Friday at $146.45, close to its 52-week high of $148.60.

Garcha noted:

“We reiterate our Neutral rating and our $140 TP. While we believe the company is a secular market share gainer, we believe that this is currently fully priced in.”

According to TipRanks.com, Garcha is a 5-star analyst with an average return of 8.2% and a 56.0% success rate. Garcha covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Lexmark International, and Motorola Solutions.

Currently, the analyst consensus on Arista Networks is Moderate Buy and the average price target is $142.85, representing a -2.5% downside.

In a report issued on May 22, D.A. Davidson also downgraded the stock to Hold with a $153 price target.
TripAdvisor Inc (NASDAQ: TRIP)

Credit Suisse analyst Paul Bieber reiterated a Hold rating on TripAdvisor Inc (NASDAQ: TRIP) on May 24 and set a price target of $40. The company’s shares closed last Friday at $39.07, close to its 52-week low of $38.32.

Bieber commented:

“We are lowering estimates for 2Q, 2017 and 2018 following management commentary at a competitor conference regarding near-term revenue headwinds. TripAdvisor attributed the headwinds to the negative impact of testing the new TripAdvisor user interface, slower progress on the International revenue per hotel shopper recovery and the impact of pulling back on marketing from the non-hotel segment.”

According to TipRanks.com, Bieber is ranked 0 out of 5 stars with an average return of -8.5% and a 39.3% success rate. Bieber covers the Services sector, focusing on stocks such as Pricelinecom, RetailMeNot, and Wayfair Inc.

Currently, the analyst consensus on TripAdvisor Inc is Hold and the average price target is $46.44, representing a 18.9% upside.

In a report issued on May 10, Oppenheimer also reiterated a Hold rating on the stock.
Marvell (NASDAQ: MRVL)

Credit Suisse analyst John Pitzer reiterated a Buy rating on Marvell (NASDAQ: MRVL) on May 25 and set a price target of $22. The company’s shares closed last Friday at $17.67, close to its 52-week high of $17.76.

Pitzer noted:

“We are raising our FY18/19 EPS to $1.12/$1.22 from $0.99/$1.09, increasing our PT to $22 from $20 and reiterating our OUTPERFORM as we continue to see MRVL as undervalued and well levered to Data Storage and Transmission Growth – two key elements of our Data Growth Paradigm. We would highlight: Storage Rev – While F1Q Storage Rev was down ~2% q/q, below expectations for flat q/q, F2Q guidance for flat q/q is better than the HDD TAM – supporting the notion that MRVL is more levered to Storage growth than just HDDs.”

According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 19.9% and a 71.9% success rate. Pitzer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Rudolph Technologies, and NXP Semiconductors.

Currently, the analyst consensus on Marvell is Moderate Buy and the average price target is $19.64, representing an 11.1% upside.

In a report issued on May 18, Susquehanna also reiterated a Buy rating on the stock with a $22 price target.

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