Cantor Fitzgerald raised the firm’s price target on Marvell (MRVL) to $135 from $120 and keeps an Overweight rating on the shares. Marvell delivered a double digit EPS beat for the January quarter guide after three years of modest beats or worse, and management discussed expectations for substantial momentum to continue into FY26 led by the current AI Supercycle in the Data Center coupled with a cyclical recovery elsewhere, the analyst tells investors in a research note. Cantor continues to see AI revenues tracking to $1.8B-$2B for FY25 and $5B in FY26.
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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.
