Marvell stock jumps 3% as KeyBanc boosts its price target to $400, citing huge custom AI silicon design wins with Amazon and Google.
Marvell Technology Inc.
(NASDAQ:MRVL) stock climbed nearly 3% on Tuesday, riding a wave of broader market gains during a risk-on session.
Compounding the gains, KeyBanc maintained an Overweight rating on the stock and boosted its price target from $385 to $400.
Analyst John Vinh cited growing momentum in Marvell's custom AI silicon business.
He expects Amazon.com Inc.
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