$Marvell Technology(MRVL)$ Mor

$Marvell Technology(MRVL)$ Morgan Stanley raised its Marvell price target to $268 from $246, keeping an Equal Weight rating. They expect the October 6 investor day to look similar to prior events, and think Marvell could use it to frame FY2030 revenue at $40B-plus, with Google custom silicon and scale-up as the biggest sources of upside. They see a positive investor day and reaction, but are staying Equal Weight ahead of the event.

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