US Bank Raises Square Price Target to $310, Implies Nearly 31% Upside

BlockBeats News, August 24th - J.P. Morgan Chase stated that Marvell Technology Group (MRVL.O) has shown strong performance this year. As the company prepares to release its latest quarterly earnings report, its stock price is expected to continue rising. They have given this chip manufacturer an "overweight" rating and raised the target price from $240 to $310, implying a nearly 31% upside from last Friday's closing price.

“We believe Marvell is more like a chip company with independent growth logic. Regardless of whether the overall chip industry is in a good or bad cycle, its performance may exceed the industry's overall growth rate.”