TD Cowen Raises Marvell Price Target to $180
TD Cowen analyst Joshua Buchalter raised the price target on Marvell Technology (NASDAQ: MRVL) to $180.00 (from $90.00) while maintaining a Hold rating.
“Neutral on Marvell (Buchalter, Hold) as we believe the recent share move, with the stock doubling over the past three months, largely reflects appropriate optimism on forward expectations after last quarter’s strong guide.
While management’s outlook for >50% optics growth over the next two years underscores continued strength in the core franchise, and may have some incremental upside, we think this may have pulled forward enthusiasm and sets a higher bar for shares into earnings.
Custom XPU exposure remains a key investor debate, and we do not expect meaningful clarity on this call.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
