The analyst is bullish on Marvell (MRVL) due to strong product shipments, upcoming S&P 500 inclusion, and positive analyst upgrades, but notes the stock is priced for perfection.
Marvell shipped over 5 million photonics PICs addressing datacenter component shortages; inclusion in S&P 500 will force index funds to buy; analyst price target raised to $345; positive Barrons article; Nvidia collaboration and reaffirmed guidance; new CFO with strong background.
https://t.co/PY2KC3C5pN
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -0.9% | -0.6% |
| 1 week | -9.4% | -7.8% |
| 1 month | -37.2% | -36.6% |
| 3 months | — | — |
| 6 months | — | — |