Market News / Story
Marvell Stock Gets Wave of Analyst Upgrades After Investor Day
GuruFocus ·
GuruFocus reports: Marvell Technology (MRVL) raised its financial ambitions for the next several years, prompting several Wall Street firms to boost their price targets following the chipmaker's investor day, according to a Wednesday investor-day presentation. The company now expects fiscal 2028 revenue of $20 billion, up from its earlier $18 billion forecast. That also exceeds the $18.2 billion consensus estimate. Marvell projects customer revenue will rise at least 200% in fiscal 2029.…