RBC Capital Markets has initiated coverage on Marvell Technology, Inc. (NASDAQ: MRVL) with an Outperform rating and set a price target of $105 per share. The firm highlighted Marvell’s strong position in the data center market as a key factor supporting its positive view.
Marvell is also recognized by Goldman Sachs as one of the top semiconductor stock picks, reflecting growing confidence in the company’s role within cloud infrastructure and semiconductor innovation.
**Why this matters**
Marvell’s expanding presence in the data center sector underscores its importance in cloud infrastructure development. Positive analyst ratings and price targets may influence investor sentiment and highlight the company’s potential for growth in a competitive semiconductor industry.
Source: News Source