Marvell stock price steadies near $80 as Jefferies flags $120 target ahead of earnings
Marvell Technology closed Friday nearly flat at $80.46 after a volatile session. Jefferies maintained a Buy rating and a $120 price target, citing growth in custom AI chips. U.S. markets will close Monday for Martin Luther King Jr. Day and reopen Tuesday. Marvell’s fiscal Q4 results are expected Feb. 26, with analysts forecasting $0.79 EPS.