Chipmaker Marvell's market value jumps to record high on AI-powered Q4 forecast

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Deutsche Bank Reiterates Buy Rating on Marvell (MRVL)

December 4, 2024 9:53 AM EST

Deutsche 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 EST

CFRA 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 EST

Goldman 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