BofA upgraded Marvell to Buy with a $110 target on March 6, 2026; the stock has since risen about 159% to $195.97, versus about 10.9% for the SPDR S&P 500 ETF. It more than quadrupled to $329.73 on June 18, 2026, then fell about 40.6%, and dropped 10.24% in the latest session as chip stocks sold off. BofA later lifted its target to $400; the article's one-year base-case target is $267.29, implying about 36.4% upside, with bull and bear cases of $350.26 and $206.17. Risks cited include reliance on a few hyperscalers, a Google warrant for up to 7% of shares, and a reported near-deal for Lumentum that could add dilution.
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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