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Marvell Technology Upgrade: Bank of America Boosts Price Target

Published 1 week, 3 days ago
Description

Bank of America and other firms upgrade Marvell Technology to a buy rating, citing strong fiscal Q4 results and robust growth projections. Marvells revenue surged 22% to $2.219 billion, driven by its data center segment, which accounted for 74% of total revenue. The company guided for Q1 fiscal 2027 revenue of $2.4 billion and full-year growth over 30% toward $11 billion. Marvells stock, previously trading below its 52-week high, jumped 16% following the upgrade.

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