Marvell’s Promising Growth: Buy Rating Backed by AI Solutions and Market Expansion

Marvell (MRVL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Cody Acree from Benchmark Co. reiterated a Buy rating on the stock and has a $95.00 price target.

Cody Acree has given his Buy rating due to a combination of factors that highlight Marvell’s promising growth prospects. The company recently hosted an event showcasing its capabilities in custom AI solutions, which are expected to significantly expand its total addressable market (TAM). Marvell anticipates a substantial increase in its data center and accelerated custom compute market share, aiming for 20% by 2028, driven by new customer engagements and design wins.
Additionally, Marvell’s market-leading interconnect portfolio and the recovery in its Carrier Infrastructure and Enterprise Networking businesses contribute to its favorable outlook. The industry’s robust demand for data center solutions further supports Marvell’s growth trajectory. The company projects a notable increase in revenue from its data center and custom compute segments, suggesting that current estimates may be conservative if Marvell achieves its 2028 objectives.