Wells Fargo rates MARVELL overweight and raises its price target to $310 from $240, implying roughly 31% upside to last Friday’s close. The bank cites strong year-to-date performance and says MARVELL’s standalone growth dynamics should allow it to outpace the broader semiconductor cycle; the call comes ahead of the company’s upcoming quarterly results, analyst Aaron Lax wrote.

2026-08-24

Wells Fargo rates MARVELL overweight and raises its price target to $310 from $240, implying roughly 31% upside to last Friday’s close. The bank cites strong year-to-date performance and says MARVELL’s standalone growth dynamics should allow it to outpace the broader semiconductor cycle; the call comes ahead of the company’s upcoming quarterly results, analyst Aaron Lax wrote.