Marvell's shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears

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Go back to Marvell's shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears

Marvell (MRVL) PT Lowered to $90 at CFRA

March 6, 2025 2:48 PM EST

CFRA analyst Angelo Zino lowered the price target on Marvell (NASDAQ: MRVL) to $90.00 (from $130.00) while maintaining a Strong Buy rating.

The analyst comments "We reduce our 12-month target price to $90 from $130, which is based on a lower revised peer... More