William Blair analyst Sebastien Naji has maintained their bullish stance on MRVL stock, giving a Buy rating today.
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Sebastien Naji has given his Buy rating due to a combination of factors that highlight Marvell’s potential for growth. The company reported better-than-expected results for its fiscal 2026 first quarter, with revenue and earnings modestly surpassing consensus estimates. This performance was driven by strong demand in its AI datacenter business and a recovery in carrier demand, despite some concerns over competition in its ASIC business.
Furthermore, Marvell’s guidance for the second quarter suggests continued robust growth, particularly in AI datacenter and enterprise networking sectors. Although the upside potential in guidance appears limited, the company’s involvement in next-generation programs and the anticipated increase in AI revenues are promising. These factors, along with a significant contraction in the stock’s multiple, contribute to a constructive outlook on Marvell’s stock, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $80.00 price target.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MRVL in relation to earlier this year.