Joseph Moore, an analyst from Morgan Stanley, maintained the Hold rating on Marvell (MRVL – Research Report). The associated price target remains the same with $73.00.
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Joseph Moore has given his Hold rating due to a combination of factors surrounding Marvell’s current and future prospects. While Marvell has shown promising potential in the AI sector, particularly with ambitious revenue targets for 2028, there is a level of skepticism about their ability to achieve these long-term goals without more immediate performance improvements. The company is well-positioned in the rapidly expanding AI market, with significant opportunities across various data center environments. However, the preference for other peers in the industry suggests that while Marvell’s stock may see growth, there are potentially more attractive investments elsewhere.
Despite the positive outlook in the AI domain, the decision to maintain a Hold rating reflects a cautious approach. Marvell’s increased total addressable market (TAM) for data centers and their strategic projects in custom silicon are noteworthy, yet the emphasis remains on the need for near-term revenue achievements. The Hold rating indicates that while Marvell is on a promising path, investors might want to wait for more concrete results before committing to a stronger position in the stock.
Moore covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and Advanced Micro Devices. According to TipRanks, Moore has an average return of 11.4% and a 56.84% success rate on recommended stocks.