🟢 MRVL is trading 5.2% up today after Evercore ISI raised its price target on AI momentum

MRVL is trading 5.2% up at $185.38 following a price target hike from Evercore ISI as the stock extends its recent gains.

• Evercore ISI raised its price target to $155.00 from $133.00, reiterating an Outperform rating based on strengthening AI momentum.
• Analysts cited accelerating demand as a key driver for the semiconductor firm's growth outlook.
• The stock is seeing additional support from broadly higher tech futures, providing a tailwind for the AI sector.