Susquehanna analyst Christopher Rolland reiterated a Buy rating on Marvell (MRVL – Research Report) today and set a price target of $110.00.
Christopher Rolland has given his Buy rating due to a combination of factors that highlight Marvell’s strategic positioning and growth prospects. The company has shown resilience by delivering better-than-expected results and guidance, despite the high expectations set by the market. Marvell’s custom AI silicon is ramping to high-volume production, with significant engagements with major hyperscalers like Google, Amazon, and Microsoft, which are expected to drive revenue growth in the coming fiscal years.
Additionally, Marvell’s AI revenue has already surpassed its target for FY25 and is projected to significantly exceed its FY26 target, indicating strong momentum in this segment. The company’s strength in electro-optics and Ethernet switches, along with a recovering Carrier Infra and Enterprise Networking market, further supports its growth outlook. While there are some concerns about consumer and industrial segments, the overall positive trajectory in key areas justifies the Buy rating, even as the price target is adjusted to reflect current market conditions.
In another report released today, Piper Sandler also reiterated a Buy rating on the stock with a $95.00 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.