Stifel Raises Marvell (MRVL) Price Target, Keeps Buy Rating
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 11 Best American Semiconductor Stocks to Invest In. On October 1, Stifel increased its price target on Marvell Technology, Inc. (NASDAQ:MRVL) from 95 while keeping a Buy rating. Stifel highlighted that the company’s optical business has grown significantly since it acquired Inphi in 2021. Since the acquisition, Marvell Technology, Inc.’s (NASDAQ:MRVL) optical business has grown from about $800 million in annual revenue to a current run-rate of a ...