William Blair: 'we believe Marvell is well positioned to grab its fair share of the AI infrastructure wallet'

William Blair analyst Sebastien Naji reiterated an Outperform rating on Marvell (NASDAQ: MRVL).

The analyst comments "Stock Thoughts: Marvell shares are trading up roughly 14% in the after- hours market to a price of $85 as management raises growth expectations for fiscal 2027 and fiscal 2028. At these levels, shares trade at a price-to- earnings multiple of 23 times our updated calendar 2026 estimate. Despite lingering questions around the scope and size of individual ASIC engagements, we believe Marvell is well positioned to grab its fair share of the AI infrastructure wallet with a broad portfolio of interconnect, custom ASIC, switching, and storage solutions. Given the outlook for accelerating revenue growth over the coming quarters, we remain constructive on shares and maintain our Outperform rating."

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.

Shares of Marvell closed at $75.68 yesterday.

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