William Blair Reiterates Outperform Rating on Marvell
William Blair analyst Sebastien Naji reiterated an Outperform rating on Marvell Technology (NASDAQ: MRVL).
“Marvell shares are roughly flat in the after-hours market, trading at a price-to-earnings multiple of 49 times our calendar 2026 estimate and 33 times our calendar 2027 estimate.
While the stock is not inexpensive, having more than doubled over the last two months, we remain constructive on shares, given the opportunity for significant growth acceleration, strong alignment to major AI spending priorities, and line of sight to nearly $10 in non-GAAP EPS in fiscal 2029, We maintain our Outperform rating.”
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