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A leader in the semiconductor industry helping to power cloud computing and artificial intelligence, Marvell Technology (MRVL) has been a volatile name in recent quarters. However, some analysts are growing increasingly bullish on Marvell stock, with Rosenblatt Securities currently holding the Street-high price target of $140 for MRVL stock.
Let’s dive into what to make of this price target, and what may contribute to Marvell (currently trading at just under $61 per share) to head toward this incredible level.
