Melius Research cut its Marvell Technology price target to $300 and its Nvidia target to $315; Marvell’s reduction was larger in percentage terms.
Relative to prior targets of $445 and $420, the new $300 Marvell and $315 Nvidia figures represent declines of about 33% and 25%, respectively. The reductions amount to $145 for Marvell and $105 for Nvidia.
The revisions therefore give Marvell the larger cut by both percentage and dollar amount.
