Glonghui, March 11 | Citigroup released a report saying that Marvell Technology's performance for the previous quarter was in line with expectations, but this quarter's performance exceeded expectations, and the stock price fell 7% after the market. According to the report, due to a sharp correction in the enterprise network and operator infrastructure markets, the stock's earnings forecasts for the 2025 and 2026 fiscal years fell by 45% and 6%, respectively, but as orders improved, it is expected that the quarter ending in April will end. At the same time, we are still optimistic about Marvell Technology's artificial intelligence business. The business results are expected to reach 2 billion US dollars and 2.7 billion US dollars in the 2025 and 2026 fiscal years, respectively. Citi raised Marvell Technology's target price from $75 to $91, maintaining a “buy” rating.
大行评级｜花旗：上调Marvell Technology目标价至91美元 维持“买入”评级
Bank Ratings｜Citibank: Raising Marvell Technology's Target Price to $91 to Maintain “Buy” Rating
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