MKM Partners analyst Ruben Roy raised his price target on Marvell to $28 and kept his Buy rating after the company produced "solid Q1 results" in a "challenging environment". The analyst cites the management's view of storage revenue tracking in line with the current market conditions and customers' expectations of a stronger demand coming in the second half of the year. Roy also notes that Marvell's core networking revenue has performed well within a challenging environment, even though it is expected to be down slightly in Q2. The analyst maintains a positive outlook on Marvell in spite of the volatility around its shares related to Huawei and trade tensions, saying it is well positioned in the infrastructure markets and with increasing exposure to 5G technology.