Citigroup made a bold call on MRVL Thursday. Analyst Atif Malik raised his price target to $275 from $225 — a 22% jump. Marvell carries a $220 billion market cap. Short interest sits at just 4.6% of free float.
The AI chip supplier has become a favourite among semiconductor bulls. Citi's move reflects growing confidence in custom silicon demand from hyperscalers.
Retail stocks got mixed treatment. Citigroup's Paul Lejuez cut his target on WMT to $132 from $147. A second Telsey analyst also trimmed to $130 from $140. Two separate firms cutting Walmart targets on the same day is a rare double signal. Both analysts kept their Buy ratings, however.
Lejuez was more positive elsewhere. He lifted ROST to $290 from $270. Ross Stores has a $73 billion market cap. The divergence suggests the Citi desk favours off-price retail over big-box.
DE also attracted attention. Citigroup's Kyle Menges raised his Deere target to $650 from $610. Consensus targets on the stock moved to $661. That reflects cautious optimism on farm equipment demand heading into 2027.
ARE saw its consensus target nudge up to $52.50. Alexandria Real Estate Equities remains a polarising name. It holds just two buys against two sells among the 15 analysts covering it.
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