Evercore ISI raises Marvell price target to $433 after investor day, keeps Outperform

Evercore ISI raised its Marvell Technology price target from $275 to $433 after the company's investor day, maintaining an Outperform rating. The firm's basis is 18x CY30 EPS of $32, discounted back three years, with a $70B-$90B CY30 revenue framework and a raised FY28 outlook. Raymond James ($295) and RBC ($360) targets were maintained.

Detected & updated continuously · Source: Nebula