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Why Needham Raised Marvell’s (MRVL) Price Target From $80 to $95

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Top AI Stocks in the Spotlight on Wall Street. On September 25, Needham analyst N. Quinn Bolton raised the price target on the stock to 95.00(from95.00 (from 80.00) while maintaining a Buy rating. The rating affirmation follows CEO Matt Murphy’s comments made at a competitor’s fireside chat regarding the company’s custom silicon business. According to the firm, Murphy has made efforts to ease investor concerns by revealing there should be no revenue gap next ye ...