BUZZ - Morgan Stanley raises target price for MaxLinear ahead of Investor Day

September 21 - ** Shares of Marvell Technology (MRVL.O) rose 2.9% premarket to $251.20

** Ahead of this chipmaker's investor day on October 6, Morgan Stanley raised its price target from $246 to $268, implying a further 9.7% upside from the previous closing price

** The brokerage expects the company "to post revenue of more than $40 billion in fiscal 2030, with Google GOOGL.O custom chips and scaling representing the largest growth drivers"

** "Our base assumption is that Google will ultimately leverage about 70% of roughly $120 billion (link) in cumulative revenue before fiscal 2033" — Morgan Stanley

** The average rating from 44 analysts is "Buy"; median price target is $280 — data compiled by LSEG

** As of the previous trading day's close, the stock has nearly tripled year-to-date

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