Erste Group analyst Stephan Lingnau initiated coverage of Marvell (MRVL) with a Buy rating. Marvell has doubled net profit over the past five quarters, with return on equity rising to 19%, and revenue and profit growth expected to continue, the analyst tells investors in a research note. Technological leadership in high-performance analog and optical DSP, reinforced by a partnership with Nvidia and Nvidia’s $2B stake, supports above-average medium-term upside potential for the stock, the firm says.
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