Analysts lauded Marvell Technology, Inc (NASDAQ: MRVL) post Q1 beat. Rosenblatt analyst Hans Mosesmann reiterated Buy on Marvell with a price target of $125 (112% upside).
Another beat and raise for Marvell on broad-based infrastructure demand with data center being the key driver. Once again, and surprisingly, delinquencies continue to grow in the reported quarter despite increased supply execution.
