Marvell price target raised to $102 from $82 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Marvell (MRVL) to $102 from $82 and keeps an Equal Weight rating on the shares following what the firm calls “a good quarter and a stronger outlook.” This was driven mostly by strong builds of Trainium 2 for Amazon (AMZN), says the analyst, who thinks near-term momentum should persist, but cites a high valuation and 2026 headwind potential for the firm’s continued Equal Weight rating.