Why Analysts Are Bullish on Marvell Despite Sector Weakness

Marvell Technology MRVL is a semiconductor stock gaining hype due to its fast data center revenue growth. It has performed well over the past 52 weeks but is underperforming in its sector. The stock is up 36%, while the Invesco PHLX Semiconductor ETF SOXQ is up 44%. The fund tracks the PHLX Semiconductor Index, a commonly used barometer of the industry's performance. Three Wall Street analysts who recently updated their price targets see a solid upside in the stock. The average of Evercore ISI, KeyBanc, and ...