Rosenblatt Raises Marvell Price Target to $140
Rosenblatt analyst Hans Mosesmann raised the price target on Marvell Technology (NASDAQ: MRVL) to $140.00 while maintaining a Buy rating.
“Marvell delivered a slight beat to 4QF26 estimates followed by 1QF27 revenue guidance 5% above consensus.
Importantly, with improved visibility, management lifted FY27 revenue estimate to ~$11B up from $10B. Adding to this, FY28 revenue is expected to come close to $15B. Consensus had been ~$13B.
Driving the upside is multiple areas within hyperscale data centers – interconnects, switching and custom ASICs.
Marvell is clearly benefiting from an insatiable demand for compute which includes needs for higher performance interconnects and switching.
We are increasing our estimates and 12-month price target to $140.”
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