Key facts
- Stifel analyst Jon Morrison reiterated a Buy rating on Marvell Technology.
- The price target for Marvell Technology was raised to $321 from $291.
- The upgrade is based on expectations for strong AI connectivity revenue growth.
Stifel analyst Jon Morrison has reiterated a Buy rating on Marvell Technology and increased the stock's price target to $321, up from $291. This upward revision is attributed to anticipated robust growth in AI connectivity revenue, fueled by Marvell's product offerings. The analyst's positive outlook suggests confidence in the company's ability to capitalize on the expanding AI market.