Jefferies Assumes Marvell (MRVL) at Buy

Jefferies analyst Blayne Curtis assumes coverage on Marvell (NASDAQ: MRVL) with a Buy rating and a price target of $85.00 (from $98.00).

"Strong exposure to AI growth through optical DSPs, where they maintain dominant share. Still early innings but strong ASIC opportunity as they ramp AMZN and MSFT."

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.

Shares of Marvell closed at $68.47 yesterday.

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