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Piper Sandler starts Marvell coverage with Buy rating and $270 target

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  • Piper Sandler initiated Marvell coverage with a Buy rating and $270 price target.
  • The Google agreement totals $120 billion and could generate $18 billion annually at full capacity.
  • Marvell shares have gained 167% this year, while 27 analysts maintain a Strong Buy consensus.
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