The average price target of $49.49 suggests an upside of ~13% from the current trading price of $43.93. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. EVgo, the wholly owned subsidiary of LS Power that owns and operates public fast chargers for electric vehicles, has reached a deal to become a publicly traded company through a merger with special-purpose acquisition company Climate Change Crisis Real Impact I Acquisition Corporation. Marvell Q4 Earnings & Revenues Beat EstimatesMarvell reported fourth-quarter fiscal 2020 non-GAAP earnings of 17 cents, which surpassed the Zacks Consensus Estimate by 6.25%. 3 Reasons Why Amazon Stock is Dropping Share . DOW 31,188.38. The company's mainstay brands include Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises.Meeanwhile, traders and investors were the least confident in Norweigan's growth prospects over the next year, as 29% of respondents told us shares of Norweigan would grow the most in 2021.Norwegian shares dropped a nearly identical 56.2% in 2020 for nearly identical reasons that the Carnival and Royal Caribbean shares lagged.As far as other travel stocks are concerned, it can be said that low-cost ticket models in the vein of Spirit Airlines Incorporated (NYSE: SAVE), JetBlue Airlines Corporation (NASDAQ: JBLU) or Southwest Airlines Co (NYSE: LUV) have the potential to lead travel demand once the pandemic subsides.As the American and global economy recover, and if vacation travel were to return by summer 2021, budget-conscious travelers may first seek accommodations from the most affordable cruise lines. Macroeconomic uncertainties and the divestiture of the Wi-Fi business to NXP Semiconductors (NXPI) on Dec 6, 2019, hurt the top line. Stifel analyst Tore Svanberg downgraded Inphi (IPHI) to Hold from Buy with the shares approaching his $182 price target and having closed the gap to the implied price of Marvell's (MRVL) deal to acquire the company for $66.00 per share in cash and 2.323 Marvell shares in stock. Marvell’s HDD business continued to benefit from its strengthening foothold in the nearline market. All rights reserved. Will the recent negative trend continue leading up to its next earnings release, or is Marvell due for a breakout? Marvell Technology News: MRVL Stock Slides 7% on Big Downgrade, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? Price to Free Cash Flow for MRVL in the course of the last twelve months was 100.51 with Quick ratio for the last quarter at 1.10. NEW YORK (TheStreet) -- Marvell Technology Group (MRVL) - Get Report dropped 1.83% to $15.52, down 29 cents from its previous close of $15.81, at the close of the trading day on … He called the bottom of stocks in 2009, and recommended AMZN before it soared an extraordinary 1,020%. The key metric to watch out for will be the growth in daily active users; this metric slipped slightly from Q2 to Q3, and further decline will be taken as an ominous sign for the company’s future. Plus The 5 Best Dividend Stocks Now. Save your files and photos with 1 TB OneDrive cloud storage and access them from any device, anywhere. Benzinga does not provide investment advice. Get short term trading ideas from the MarketBeat Idea Engine. Posted on April 3, 2020 April 3, 2020 Author Jamie Adams Comments Off on Why Is Zoom’s Stock Dropping? 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