Deutsche Bank lowered the firm’s price target on Marvell (MRVL) to $120 from $125 and keeps a Buy rating on the shares after the company closed its acquisition of Celestial AI.
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Read More on MRVL:
- Why Are AI and Chip Stocks Rising Today?
- Moderately bullish activity in Marvell with shares up 0.24%
- Mixed options sentiment in Marvell with shares down 2.79%
- Marvell: Neutral Outlook Balances Celestial AI Upside Against Execution, Concentration, and Dilution Risks
- Marvell call volume above normal and directionally bullish
