Marvell Raises 2028 Revenue Target to $20 Billion
Marvell Technology Inc. (MRVL) shares rose 10% after the semiconductor company raised its fiscal 2028 revenue target to $20 billion from $18 billion during its investor day.
Marvell Technology Inc. (MRVL, Financials) gave investors a reason to rethink its growth potential Tuesday. Shares jumped 10% in early trading after Marvell used its investor day to lift its fiscal 2028 revenue target to $20 billion from $18 billion.