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Marvell Technology Stock Target Raised to 115 USD by UBS
Marvell Technology Inc. has received a "buy" rating from UBS, which has raised its price target from $110 to $115. This update was released on December 4, 2024. For details on potential conflicts of interest, refer to the analyst's disclosure on their website.
Marvell Technology Group Reports Strong Sales Across Diverse Market Segments
Marvell Technology Group Ltd focuses on designing and marketing integrated circuits for storage and transmission, serving various sectors. Their sales distribution includes data centers (40.2%), corporate networks (22.3%), telecom infrastructures (19.1%), consumer electronics (11.3%), and automotive/industrial (7.1%). Geographically, 43.1% of sales are in China, followed by the USA (14.4%) and other regions.
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