Marvell’s Strategic Expansion and Growth Potential Drive Buy Rating

Marvell (MRVL – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Christopher Rolland from Susquehanna reiterated a Buy rating on the stock and has a $90.00 price target.

Christopher Rolland has given his Buy rating due to a combination of factors that highlight Marvell’s strong growth potential and strategic advancements. Marvell has significantly expanded its customer base and product offerings, securing 18 multi-generational custom silicon wins with both established and emerging hyperscalers, including major players like Tesla and Apple. This expansion is expected to drive substantial revenue growth, with a pipeline of over 50 custom opportunities valued at $75 billion in potential lifetime revenue.
Additionally, Marvell’s data center total addressable market (TAM) is projected to grow significantly, from $33 billion in 2024 to $94 billion in 2028. The company anticipates a notable increase in its market share within the data center sector, targeting 20% up from approximately 13% in 2024. Marvell’s focus on custom silicon, which is expected to represent more than 50% of its data center revenue in the future, and its comprehensive design platform further solidify its competitive edge. These factors, along with innovations in custom SRAM and other technologies, underpin Rolland’s positive outlook and the reiterated price target of $90.

Rolland covers the Technology sector, focusing on stocks such as Knowles, Advanced Micro Devices, and Broadcom. According to TipRanks, Rolland has an average return of 15.3% and a 55.33% success rate on recommended stocks.

In another report released today, Barclays also maintained a Buy rating on the stock with a $80.00 price target.