KeyBanc analyst John Vinh raised the price target for $Marvell Technology(MRVL)$ to $385 from $260, while keeping an Overweight rating. They think the market is too focused on custom AI processors, and is underestimating the company's significant, durable opportunity in data center networking. The firm projects a $30 billion scale-up networking total addressable market by 2030, driven largely by silicon photonics and the integration of their Celestial AI acquisition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments