Susquehanna analyst Christopher Rolland raised the firm’s price target on Marvell (MRVL) to $125 from $110 and keeps a Positive rating on the shares. The firm said Marvell announced better results and even stronger guidance as robust AI demand again drove DC upside. While management did not officially revise its AI revenue expectation, the new narrative points to significantly exceeding its prior $1.5B estimate for this year and $2.5B estimate for next year.
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Read More on MRVL:
- Marvell price target raised to $125 from $108 at BofA
- Marvell price target raised to $135 from $115 at Benchmark
- Marvell price target raised to $130 from $90 at JPMorgan
- Marvell price target raised to $112 from $91 at Citi
- Marvell price target raised to $120 from $100 at Piper Sandler
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
