Marvell Technology (MRVL) closed at $241.24 on October 15 and has returned 80.88% over six months, well ahead of the 15.4% return of the Insider Monkey Billionaire Index and 11.4% of the State Street SPDR S&P 500 ETF Trust. According to CNN, 92% of analysts covering the stock rate it a buy, while the remaining 8% do not. The article says the holdouts are not doubting growth or Marvell's position, which is supported by 36.5% revenue growth in the latest quarter and a 174% share price gain over the past year. Their concerns centre on valuation: the stock trades at 62.11 times next year's expected earnings, the most demanding multiple in the article's list, while operating margin of 16.68% is modest against peers selling into AI. The article frames the disagreement as one about price rather than the health of the business.
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