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Marvell raised its fiscal 2028 revenue outlook to $20 billion from $18 billion and projected fiscal 2031 revenue of $70 billion to $90 billion. BNP Paribas analyst Karl Ackerman said the forecasts could support earnings of about $33.40 per share by 2030, above management’s target of more than $30.
Shares of Marvell Technology Inc (NASDAQ: MRVL ) tanked in early trading on Wednesday, after the company’s Investor Day hosted on Tuesday. The company announced a "robust" multi-year outlook, with an expansion of nearly 4X in its TAM (total addressable market) and new financial targets through 2030 that supports earnin
Marvell reported record second-quarter revenue of $2.739 billion, raised fiscal 2027 revenue guidance to roughly $12 billion and fiscal 2028 guidance to about $18 billion, then fell more than 8% before Friday's open.
Raymond James raises Marvell stock price target due to data center strength, citing growth potential