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Marvell Stock Just Got a Stunning Price Target Hike on the AI Boom
GuruFocus ·
GuruFocus reports: Marvell Technology (MRVL) is facing a much larger opportunity in AI infrastructure than previously expected, prompting BMO Capital to raise its price target to $325 from $250. The firm is retaining a Market Perform rating, according to a Wednesday analyst note. The brokerage pointed to Marvell's latest investor presentation, which included higher financial targets as customers continue expanding spending on AI computing and data-center infrastructure. For fiscal 2028,…