As previously reported, Melius Research initiated coverage of Marvell (MRVL) with a Buy rating and $188 price target. There is a shortage of semis names that “can get really big from here,” argues the analyst, who bets Marvell “is the next one to do it on the back of the AI theme.” The Street consensus is “well below” Marvell’s long-term goal of 20% share, or $8B, of the “custom accelerator market” for leading clouds and the firm thinks they can get there as Microsoft (MSFT) ramps from the second half of 2026-2028, the analyst tells investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Marvell initiated with a Buy at Melius Research
- DeepSeek buzz sending shockwaves through tech stocks, Bloomberg reports
- Marvell price target raised to $135 from $125 at KeyBanc
- Barclays Views Nvidia, Marvell, and Broadcom as AI Super Beneficiaries
- Marvell price target raised to $150 from $140 at BofA