Marvell Technology Stock Gets a Higher Price Target on AI Chip Opportunity
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Raymond James has increased the price target for Marvell Technology due to its potential in the AI chip market, projecting a 25% annual revenue growth over the next three to four years.
December 19, 2024 | 5:15 pm
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Raymond James has raised the price target for Marvell Technology, highlighting its potential in the AI chip market with an expected 25% annual revenue growth over the next three to four years.
The increase in price target by Raymond James is based on Marvell's strong growth potential in the AI chip market, which is expected to drive a 25% annual revenue increase. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
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