Marvell (MRVL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Harlan Sur from J.P. Morgan reiterated a Buy rating on the stock and has a $130.00 price target.
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Harlan Sur has given his Buy rating due to a combination of factors that highlight Marvell’s strong position in the AI and networking sectors. Marvell has secured a significant follow-on AI XPU ASIC program with AWS, which is expected to drive substantial revenue growth in the coming years. The company’s AI ASIC revenues are projected to grow significantly, with expectations of exceeding $2.5 billion in FY26, supported by strong demand for their 800G/1.6T AI optical DSP shipments.
Additionally, Marvell’s partnerships with major tech companies like Amazon and Microsoft are poised to deliver multi-generational product engagements, further solidifying its market position. The company’s ability to achieve key technical milestones and its strategic focus on AI and networking are expected to sustain its growth trajectory. With a positive outlook on cyclical business recovery and sustained AI tailwinds, Marvell is well-positioned to capitalize on future opportunities, justifying the Buy rating and a price target of $130 by December 2025.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $115.00 price target.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRVL in relation to earlier this year.