BMO Capital Initiates Marvell at Outperform, $250 PT
BMO Capital analyst Harsh Kumar initiated coverage on Marvell (NASDAQ: MRVL) with an Outperform rating and a $250 price target on August 21, 2026.
“We initiate coverage of Marvell with an Outperform rating and $250 target price.
MRVL is a leading semiconductor supplier for data center infrastructure, and a key supplier of optical networking solutions to hyperscalers and enterprise customers, emerging as a strong competitor in custom ASIC.
MRVL is also a lead player in storage controllers, and is the defacto leader in optical interconnects reflected through technology leadership, unit volume, and revenues driven primarily from its industry-leading DSP.
The XPU business is accelerating aggressively while revenue from new switch/CPO products start to ramp.”
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