TD Cowen Raises Marvell Price Target to $200

TD Cowen analyst Joshua Buchalter raised the price target on Marvell Technology (NASDAQ: MRVL) to $200.00 (from $180.00) while maintaining a Hold rating.

“Networking Drives Outlook Upside Amid Stable XPU Commentary; Marvell delivered another solid print and guide while leaning into meaningful upside through F2028.

We believe the largest contributor to dollar growth in F2028 is likely to be the company’s leading networking and connectivity franchise.

Visibility to investors for custom XPU (less so in attach) remains tricky, but (deserved) momentum in interconnect a bright spot. Hold, estimates up, PT to $200.”

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