Marvell Technology (MRVL) Expands Strategic Collaboration with AWS
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Deutsche Bank Reiterates Buy Rating on Marvell (MRVL)
December 4, 2024 9:53 AM ESTDeutsche Bank analyst Ross Seymore reiterated a Buy rating and $90.00 price target on Marvell (NASDAQ: MRVL).
The analyst comments "This morning, Marvell announced a five-year strategic partnership agreement with Amazon Web Services (AWS) aimed at driving innovation and improving efficiency in data center... More
Marvell (MRVL) PT Raised to $122 at CFRA
December 4, 2024 9:09 AM ESTCFRA analyst Angelo Zino raised the price target on Marvell (NASDAQ: MRVL) to $122.00 (from $108.00) while maintaining a Strong Buy rating.
The analyst comments "We boost our 12-month target to $122 from $108, on P/E of 35x our CY 26 EPS view, above... More
Marvell (MRVL) PT Raised to $115 at Goldman Sachs, 'continue to view Marvell as one of the key beneficiaries...'
December 4, 2024 7:16 AM ESTGoldman Sachs analyst Toshiya Hari raised the price target on Marvell (NASDAQ: MRVL) to $115.00 (from $87.00) while maintaining a Buy rating.
The analyst comments "Marvell delivered its second consecutive beat/raise as revenue growth in core Data Center, driven by strength in AI Custom Compute and Optics, continues to... More
Morgan Stanley Out Cautious on Marvell (MRVL): 'high valuation and 2026 market share risks keep us EW'
December 4, 2024 7:02 AM ESTMorgan Stanley analyst Joseph Moore raised the price target on Marvell (NASDAQ: MRVL) to $102.00 (from $82.00) while maintaining a Equalweight rating.
The analyst comments "Thoughts on the stock: We like the narrative here, but the stock trades at a very rich multiple on forward P/E, especially including stock compensation. For the last several... More
Marvell (MRVL) PT Raised to $125 at BofA Securities
December 4, 2024 7:01 AM ESTBofA Securities analyst Vivek Arya raised the price target on Marvell (NASDAQ: MRVL) to $125.00 (from $108.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on Marvell Technology (MRVL), as we believe it presents a unique investment (75%+ data center... More
Marvell (MRVL) PT Raised to $130 at Wolfe Research
December 4, 2024 7:00 AM ESTWolfe Research analyst Chris Caso raised the price target on Marvell (NASDAQ: MRVL) to $130.00 (from $90.00) while maintaining a Outperform rating.
The analyst comments "Reiterate Outperform rating, $130 price target. Our $130 price target is based on ~38x our CY26 (FY27) EPS estimate of... More
Marvell (MRVL) PT Raised to $125 at Stifel
December 4, 2024 6:59 AM ESTStifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $125.00 (from $114.00) while maintaining a Buy rating.
The analyst comments "Oct Q results at high-end of guidance (revs +4.6%, NG EPS +$0.03 vs. our est.). DC/AI revs grew +25% q/q on... More
Marvell (MRVL) PT Raised to $140 at Rosenblatt
December 4, 2024 6:58 AM ESTRosenblatt analyst Hans Mosesmann raised the price target on Marvell (NASDAQ: MRVL) to $140.00 (from $120.00) while maintaining a Buy rating.
The analyst comments "Marvell delivered a meaningful beat and raise last night for its October quarter earnings driven by a step-up in DC/AI demand (custom ASIC, networking and electro optics). Management indicated... More
Marvell (MRVL) PT Raised to $130 at JPMorgan
December 4, 2024 5:21 AM ESTJPMorgan analyst Harlan Sur raised the price target on Marvell (NASDAQ: MRVL) to $130.00 (from $90.00) while maintaining a Overweight rating.
The analyst comments "As we had previewed (see note here), Marvell delivered better-than-expected Oct-Qtr results on accelerating growth in its Datacenter business led by the sharp step up in production shipments of its AI ASICs at Amazon (Trainium 2 AI processor) and Google (Axion CPU processor), continued strong demand for AI optical DSPs (800G and start of 1.6T ramp) and the start of Q/Q recovery in its cyclical segments. Off of a higher... More
Marvell (MRVL) PT Raised to $120 at Raymond James
December 4, 2024 5:13 AM ESTRaymond James analyst Srini Pajjuri raised the price target on Marvell (NASDAQ: MRVL) to $120.00 (from $90.00) while maintaining a Outperform rating.
The analyst comments "MRVLs F3Q results and F4Q outlook were both solid and were ahead of our recent expectations.... More
Marvell (MRVL) PT Raised to $112 at Citi
December 4, 2024 5:09 AM ESTCiti analyst Atif Malik raised the price target on Marvell (NASDAQ: MRVL) to $112.00 (from $91.00) while maintaining a Buy rating.
The analyst comments "MRVL posted strong beat and raise results as it hit an inflection point in sales of custom compute AI chips (Trainium2 for... More
Citi Reiterates Buy Rating on Marvell (MRVL)
December 3, 2024 4:58 AM ESTCiti analyst Atif Malik reiterated a Buy rating and $91.00 price target on Marvell (NASDAQ: MRVL).
The analyst comments "Free Fire revenues rose 36% y/y. MAU rose 6% y/y. NFS Mobile was launched on Oct 31st and had 400k downloads in Nov. Delta... More
Marvell (MRVL) PT Raised to $114 at Stifel
December 2, 2024 11:00 AM ESTStifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $114.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Expect Oct Q results in-line with or slightly higher than our $1.45bn rev estimate, with possible upside from Data Center... More
