Morgan Stanley raises Marvell price target ahead of Oct 6 investor day
Marvell shares rose 2.9% to $251.20 premarket. Morgan Stanley lifted its price target to $268 from $246, implying 9.7% upside to MRVL’s last close. The broker said Google custom silicon and scale-up are biggest upside drivers and expects FY2030 revenue at $40 billion-plus, while assuming Google uses roughly 70% of $120