Reported 1 day ago
Susquehanna has reduced its price target for Marvell Technology, Inc. (MRVL) from $110 to $90 but continues to hold a 'Positive' rating ahead of the company's upcoming earnings report. The firm anticipates results in line with expectations despite concerns about variability in deployment volumes and lower sentiment surrounding XPUs. Marvell's strong demand from data centers is noted, although challenges such as modest revenue guidance could limit its potential in the competitive AI market.
Source: YAHOO