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Rosenblatt Names Marvell a Core Long Idea, Raises PT

Rosenblatt Names Marvell a Core Long Idea, Raises PT
Analyst Bio:

Rosenblatt analyst Sajal Dogra initiated coverage of Marvell Technology with a Buy rating and raised the price target to $300 from $240, calling the semiconductor company a core long idea ahead of its second-quarter earnings report.

Marvell is scheduled to report second-quarter results Thursday after the market close. The analyst expects another beat-and-raise performance driven by strong sequential growth exceeding 25% in optical interconnects, supported by recent results from LITE, COHR, and MTSI.

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