Professional
Added to YB: 2024-06-12
Pitch date: 2024-06-05
MRVL [bullish]
Marvell Technology, Inc.
+22.09%
current return
Author Info
No bio for this author
Company Info
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge.
Market Cap
$78.4B
Pitch Price
$69.15
Price Target
95.00 (+13%)
Dividend
0.26%
EV/EBITDA
32.15
P/E
32.53
EV/Sales
10.33
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Marvell Technology, Inc.: AI data center momentum offsetting enterprise weakness
MRVL: AI data center momentum offsetting enterprise weakness. Sees SAM reaching $30B by '24 w/ 13% CAGR, AI rev to 2x again in FY25 to $400M+. Reiterating BUY, $95 PT on strong cash flow growth & undervaluation. Key risks: acquisition integration, customer concentration.
Read full article (10 min)