Read Why Citi Is Bullish on Marvell

The logo of Marvell Technology on the company's building in Irvine, Calif., in January 2021. Google Maps/Screenshot via The Epoch Times

Citi analyst Atif Malik raised the price target on Marvell Technology Inc. from $87 to $97 and reiterated a Buy.

The price target implies a 15.4 percent upside on Marvell’s December 17 closing price of $84.03.