$Marvell Technology(MRVL)$ Seaport Research started coverage of Marvell with a Buy rating and a $270 price target. The analyst pointed out that the company still has meaningful growth ahead, with its interconnect and custom silicon businesses benefiting from AI demand. That said, the firm also noted that while Marvell brings strong IP and expertise to the custom market and has the tools to compete well, custom can be a fickle business.
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