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Benzinga
Benzinga
Business
Anusuya Lahiri

Marvell's Upside Is Only Limited By Supply, Analysts Say After Mixed Q2 Results

Marvell Technology Inc (NASDAQ:MRVL) reported Q2 EPS of $0.57, beating the consensus of $0.56. The revenue of $1.517 billion, up 41% Y/Y, missed the consensus of $1.520 billion.

Barclays analyst Blayne Curtis reiterated an Overweight and price target of $60. He did not take much comfort in MRVL's assertion that underlying demand remains intact as he saw a material correction. 

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