Marvell Technology (MRVL.O) shares surged after the chipmaker announced a major deal with Alphabet, Google’s parent company, prompting multiple analysts to raise their price targets. Wells Fargo increased its 12-month outlook to $310 from $240 and maintained an overweight rating, implying nearly 31% upside from Marvell’s closing price last Friday. The bank said Marvell’s independent growth trajectory could allow it to outperform the broader semiconductor industry across both favorable and weak industry cycles.