Wells Fargo analyst Aaron Rakers reiterates an Overweight rating and $95 price target on shares of Marvell (MRVL) ahead of the August 28 print, telling investors that competitive concerns are overblown and optics positioning remains strong. The firm expects Marvell to reiterate that it remains on track to reach its target of 20% share of the custom XPU total addressable market in CY28.
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