UBS raised the firm’s price target on Marvell (MRVL) to $115 from $110 and keeps a Buy rating on the shares. Marvell’s guidance was well ahead of Street expectations, raising the trajectory for its AI-levered businesses heading into FY26, while the recovery in its traditional merchant businesses continues to unfold, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Marvell price target raised to $127 from $122 at Evercore ISI
- Marvell price target raised to $102 from $82 at Morgan Stanley
- Marvell price target raised to $125 from $95 at KeyBanc
- Marvell price target raised to $130 from $110 at Wells Fargo
- China retaliates against U.S. chip restrictions, FT reports