Marvell’s $12.2 Billion Google Deal Changes the Bull Case for MRVL Stock
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The post Marvell’s $12.2 Billion Google Deal Changes the Bull Case for MRVL Stock appeared first on 24/7 Wall St..
Marvell Technology (NASDAQ:MRVL) just handed Alphabet a warrant that could turn Google into a top shareholder. The commercial agreement, disclosed August 19, gives Google the right to buy up to 58,970,907 Marvell shares at $206.58, or roughly $12.18 billion at the strike.
Our 24/7 Wall St. price target for Marvell is $288.12 over the next 12 months, versus a current quote of $237.27
Marvell Technology (NASDAQ:MRVL) just handed Alphabet a warrant that could turn Google into a top shareholder. The commercial agreement, disclosed August 19, gives Google the right to buy up to 58,970,907 Marvell shares at $206.58, or roughly $12.18 billion at the strike.
Our 24/7 Wall St. price target for Marvell is $288.12 over the next 12 months, versus a current quote of $237.27
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