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Marvell Technology gets praise from Wall Street after investor day
Seeking Alpha ·
Seeking Alpha reports: Marvell Technology received praise from Wall Street on Wednesday after the semiconductor company held its investor day and said it expects as much as $90B in revenue in a few years. Shares fell 1.4% in premarket trading after rising nearly 6% on Tuesday. Citi analyst Atif Malik, who has a Buy rating and $275 price target on Marvell, said the company's long-term target of $30 or more in earnings by 2031 was “well ahead” of the expectations of $20 in earnings per share.…