Marvell stock on watch: Jefferies sticks with $120 target as traders line up Tuesday’s reopen
Jefferies kept its buy rating and $120 price target on Marvell as the stock closed Friday at $80.46, up 0.1%. U.S. markets will reopen Tuesday after the Martin Luther King Jr. Day holiday. President Trump plans to impose a 10% tariff on some European imports starting Feb. 1. Marvell recently announced a $540 million deal to acquire XConn Technologies and a $3.25 billion purchase of Celestial AI.