UBS raised the firm’s price target on Marvell (MRVL) to $115 from $110 and keeps a Buy rating on the shares. Marvell’s guidance was well ahead of Street expectations, raising the trajectory for its AI-levered businesses heading into FY26, while the recovery in its traditional merchant businesses continues to unfold, the analyst tells investors in a research note.
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Read More on MRVL:
- Marvell price target raised to $127 from $122 at Evercore ISI
- Marvell price target raised to $102 from $82 at Morgan Stanley
- Marvell price target raised to $125 from $95 at KeyBanc
- Marvell price target raised to $130 from $110 at Wells Fargo
- China retaliates against U.S. chip restrictions, FT reports
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