Melius Research has lowered its price targets for two chipmakers, according to a newsflash carried by Odaily and citing Sina Finance. The firm cut Nvidia’s target price to $315 from $420. It also reduced Marvell Technology’s target to $300 from $445. The update was published under Odaily’s technology category and did not include further details on the reasons behind the revisions. The report identified the companies by their tickers, NVDA.O for Nvidia and MRVL.O for Marvell Technology. No additional commentary, timeline, or supporting rationale was provided in the source item beyond the target changes themselves.
Melius Research has cut its price target on Nvidia (NVDA.O) to $315 from $420, according to a newsflash published by Odaily and citing Sina Finance.
The firm also lowered its target on Marvell Technology (MRVL.O) to $300 from $445.
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