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Wajeeh Khan

RBC Just Upped Its Price Target on Marvell Technology Stock. Here's Why

Marvell RBC Marvell Technology MRVL Srini Pajjuri

Marvell (MRVL) shares are inching higher on Thursday morning after RBC’s senior analyst Srini Pajjuri raised his price target on the custom AI chips specialist to $240.

Pajjuri’s bullish call arrives only a day after MRVL reported stellar Q1 earnings and issued better-than-expected guidance on surging demand for optical connectivity and custom accelerators.

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