Wells Fargo analyst Aaron Rakers raised the firm’s price target on Marvell (MRVL) to $130 from $110 and keeps an Overweight rating on the shares. The firm notes Marvell delivered upside driven by datacenter/custom-AI silicon and optics momentum. Wells sees path to $4-plus EPS upside supported by top-line acceleration/upside and AI positioning plus operating leverage potential.
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