Quinn Bolton, an analyst from Needham, maintained the Buy rating on Marvell (MRVL – Research Report). The associated price target was lowered to $100.00.
Quinn Bolton has given his Buy rating due to a combination of factors that highlight Marvell’s promising future prospects. Despite the current cautious investor sentiment, Marvell’s management has shown confidence in the company’s growth trajectory, particularly with their next-generation program at Amazon, where they anticipate year-over-year revenue growth from custom XPUs in the coming fiscal years. Additionally, the company’s AI revenue is expected to significantly surpass the previously set target, with estimates now raised to $3.565 billion for FY26.
Another positive aspect is the steady demand for Marvell’s 800G PAM4 products, which management does not foresee declining. Although the price target has been adjusted to $100 to account for sector-wide multiple compression, the overall business outlook remains robust. This perceived weakness in the market is viewed as a strategic opportunity to invest, reinforcing the Buy rating on Marvell’s stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $130.00 price target.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRVL in relation to earlier this year.
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