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Marvell Jumps 10% After Raising Its 2028 Revenue Target
GuruFocus ·
GuruFocus reports: Marvell Technology Inc. (MRVL, Financials), the semiconductor company, gave investors a reason to rethink its growth potential Tuesday. Shares jumped 10% in early trading after Marvell used its investor day to raise its fiscal 2028 revenue target to $20 billion from $18 billion. The size of the increase matters. Analysts had been expecting about $18.2 billion, meaning management is now aiming for roughly $1.8 billion more revenue than Wall Street had penciled in. That gap…