Oppenheimer raised the firm’s price target on Marvell (MRVL) to $110 from $90 and keeps an Outperform rating on the shares ahead of quarterly results. The firm sees upside to Q3 print and Q4 guide led by custom compute and networking/optics. Oppenheimer sees second half of the year tailwinds accelerating into 2025 led by multiple product cycles and share/content gains. The firm remains a long-term buyer.
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