Morgan Stanley analyst Joseph Moore raised the firm’s price target on Marvell (MRVL) to $120 from $102 and keeps an Equal Weight rating on the shares. The firm maintains an Attractive view on the Semiconductors industry as the AI market leads the way and it sees “a U-shaped bottom continuing to play out elsewhere,” adding in its 2025 industry outlook note that Nvidia (NVDA) remains its “Top Pick” in the space.
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