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Fly News Breaks for April 24, 2019
MRVL
Apr 24, 2019 | 06:13 EDT
UBS analyst Timothy Arcuri raised his price target on Marvell to $29 and kept his Buy rating, citing its position on the infrastructure side as 5G becomes a "more palpable investor theme." The analyst further notes that the buildout remains in its "very early innings", estimating about $1B in incremental revenue from 5G technology starting in 2020 and extending through 2023-24.
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