MRVL

5G is the primary story for Marvell Tech (MRVL) but not the only one, says KeyBanc analyst John Vinh, resuming the company at Overweight rating and $55 price target.Vinh: "MRVL

Here are the biggest calls on Wall Street on Tuesday.

The 5G rollout is pushing the best participants to new highs with their stocks as the industry ramps up the infrastructure;Crown Castle is first a REIT but is a 5G play as well since they lease tower space and are the nation's largest communications infrastructure company;Company stock is up 100% in the past 3.5 years with a new push higher looking likely with a steady dividend payout.

Marvell’s investor day event highlighted the compelling case for $2.50 in pro-forma EPS over the medium term.The company stands to benefit from an ever-expanding serviceable market underpinned by key growth drivers such as 5G, Cloud, and Autos.Shares have outperformed YTD but still have re-rating potential.

MRVL is increasingly diversifying its customer base, no longer dependent on just a few.Analysts expect MRVL revenue to grow substantially in 2021 and 2022.Fabless semiconductors like MRVL offer an opportunity to play as market leaders without the expense of huge factories.

Marvell Technology shares rose 4.6% on Friday after the company outlined strong long-term growth targets at its virtual Investor Day event.Notably, Marvell (MRVL) now expects to deliver revenue growth (CAGR) of 10% to 15% over the long-term compared to its previous target of 6% to 8%. The semiconductor company anticipates its top-line to benefit primarily from opportunities in 5G, cloud and automotive markets.The company expects to generate gross margin between 63% to 65% and operating margin of over 35% in the long-term. Marvell sees its operating expenses in the range of 28% to 30% as it continues to invest in growth strategies.Following the Investor Day event, Susquehanna analyst Christopher Rolland raised his price target for Marvell to $50 from $42 and reiterated a Buy rating saying:“Marvell is laser-focused on driving significant top-line growth enabled by their much-improved DC infrastructure exposure and growing 5G opportunities. Top growth drivers will include: 1) 5G networking; 2) a growing Cloud datacenter opportunity (DPU [Data Processing Unit] for networking, custom ASICs [Application-Specific Integrated Circuit], DIY SSDs [Solid-State Disks], and near-line); and 3) automotive Ethernet.”The analyst noted that while the long-term revenue growth target is “seemingly ambitious”, the company has already achieved many design wins that give him the confidence in its ability to execute its plan. (See MRVL stock analysis on TipRanks)Several other analysts increased their price targets for Marvell, including Oppenheimer analyst Rick Schafer and Deutsche Bank analyst Ross Seymore. Both analysts boosted their price targets to $50 from $45 and maintained a Buy rating.However, Craig-Hallum analyst Christian Schwab downgraded the stock to Hold from Buy but kept his price target of $44 unchanged. Schwab believes that strong execution of the company’s targeted model is already reflecting in both Street estimates and the current stock price. He feels that shares are fairly valued at the current levels and prefers to step to the sidelines.Overall, the average analyst price target of $46.45 for Marvell indicates an upside potential of 3.9% in the coming months as the stock has already advanced 68.2% year-to-date. The Street’s Strong Buy consensus for Marvell is based on 18 Buys, 6 Holds and no Sells.Related News: NXP Semi Pops 5% On Q3 Guidance Boost; Analyst Says Hold Amazon Ends ‘Crucible’ Game Development; Street Stays Bullish Apple Allowed To Block Fortnite From App Store Amid Dispute More recent articles from Smarter Analyst: * Eli Lilly In Gates Foundation Supply Deal For Covid-19 Antibodies * ConocoPhillips Boosts Dividend 2.4%; Street Bullish On Outlook * Kymera Therapeutics Pops 10% On Positive Skin Disorder Data * Kroger, ClusterTruck Launch Ghost Kitchens Amid Rising Food Delivery Demand

Benchmark analyst Ruben Roy raised Marvell Technologies (MRVL) price target to $50 from $40 and maintains a Buy rating after the company held a virtual analyst day.Roy notes, management's new

Craig-Hallum analyst, Christian Schwab downgraded Marvell Technologies ([[MRVL]] +4.8%) to Hold from Buy.PT remains same at $44 following the company's analyst day.While Schwab says the company introduced a long-term model