Marvell price target raised to $110 from $95 at Susquehanna

Susquehanna raised the firm’s price target on Marvell (MRVL) to $110 from $95 and keeps a Positive rating on the shares. The firm previewed its quarterly results and sees upside for both Inphi and custom ASIC, driven by robust AI demand. Incrementally positive commentary for Carrier Infra and Enterprise Networking to further help the narrative.