Marvell (MRVL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Harlan Sur from J.P. Morgan reiterated a Buy rating on the stock and has a $130.00 price target.
Harlan Sur has given his Buy rating due to a combination of factors that highlight Marvell’s strong position in the ASIC market, particularly with major clients like Microsoft and AWS. The analyst emphasizes that Marvell’s custom chip programs, such as the Trainium 3 at AWS and the Maia Gen 2 at Microsoft, are on track for significant production ramps in 2026, with no loss of market share to competitors.
Furthermore, Marvell’s recent wins in AI accelerator programs and other advanced chip designs underscore its growth potential in the AI sector. Sur also notes that Marvell is expected to achieve substantial revenue growth, driven by its AI and networking segments, projecting $4 billion in AI revenues this year. This growth trajectory, coupled with strategic partnerships and a robust pipeline of design wins, supports the Buy rating and a positive outlook for Marvell’s stock.
In another report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $95.00 price target.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MRVL in relation to earlier this year.