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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Moderately bullish activity in Marvell with shareslittle changed
- Is Marvell Technology (MRVL) Stock a Buy Ahead of Q2 Earnings? AI Analyst Weighs in
- Trump mulls reallocating $2B in CHIPS Act funding for minerals, Reuters says
- Marvell downgraded to Neutral from Outperform at KGI Securities
- ‘Nvidia Is Best Positioned to Clear a High Bar,’ Says TD Cowen as it Raises PT Ahead of Q2 Print