Read Why Needham Chose Marvell as Top Semiconductor Pick

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

Needham analyst N. Quinn Bolton raised the price target on Marvell Technology Inc. to $115 from $110 and reiterated a Buy. The price target implies a 30.9 percent upside.

Marvell is Needham’s top pick for 2022 within semiconductors.