By Michael Bloom
Publication Date: 2025-12-03 13:25:00
Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank reiterates Marvell as buy Deutsche raised its price target to $125 per share from $90 following earnings. “MRVL delivered a solid report/guide, but more importantly followed up their recent Data Center related optimism and expressed even greater conviction on the expected growth rates for this business (now split between Optical, Custom, and Other), with FY27 expected to deliver of +25% y/y growth (vs +18% prior) and FY28 expected to accelerate even further y/y to +40% y/y.” Bank of America reiterates Nvidia as buy Bank of America said it’s sticking with the stock. “Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.” Citizens initiates Pitney Bowes as market outperform Citizens says the mail company is well positioned. “We initiate coverage on Pitney Bowes , the dominant player for sending and first-mile sortation of physical mail in the U.S., with a Market Outperform rating and a price target of $13.” Morgan Stanley upgrades Vertex Pharmaceuticals to overweight from equal weight Morgan Stanley said it likes the company’s pipeline of kidney products. “We upgrade VRTX to OW from EW and raise our PT to $516 as we take a more positive view of the company’s…