Cantor Fitzgerald Reiterates Neutral on Marvell, $300 PT
Cantor Fitzgerald analyst C.J.
Muse reiterated a Neutral rating and $300 price target on Marvell (NASDAQ: MRVL) on August 28, 2026.
“We continue to view MRVL as relatively expensive vs. other names in Compute, particularly NVDA.
On the other hand, simply adding one year of the new Google agreement would be supportive of $20 in earnings power (excluding wins elsewhere).
Our call – we reiterate our Neutral rating and affirm our $300 price target (equating to 29x/15x CY28/stretch goal EPS $20).
Although we remain Neutral on the stock, considering the sell-off overnight and a likely positive catalyst ahead at the Analyst Day, we view risk/reward more skewed to the upside near term.”
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