B. Riley raised the firm’s price target on Marvell (MRVL) to $135 from $130 and keeps a Buy rating on the shares. Marvell’s Q4 results and Q1 guidance exceeded consensus, driven by strong momentum in Data Center’s Custom Compute, Optics, and Switch businesses, as well as scaling XPU and XPU attach programs, the analyst tells investors in a research note.
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Read More on MRVL:
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