Craig-Hallum analyst Christian Schwab raised the firm’s price target on Marvell to $88 from $67 and keeps a Buy rating on the shares. The company is continuing to see significant strength in its AI-driven Data Center business which is setup to drive revenue of $1B by Q4 of this year, which would be more than double levels the segment reported just a couple quarters ago, the analyst tells investors in a research note.
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