RBC Capital raised the firm’s price target on Marvell (MRVL) to $115 from $105 and keeps an Outperform rating on the shares. The company’s results and outlook were better than the firm’s recent expectations, and the management sees growth accelerating through FY27, the analyst tells investors in a research note. Optical momentum remains strong and should sustain through the year on 800G demand and 1.6T/ZR+ upgrade cycles, the firm adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Invesco QQQ Trust ETF (QQQ) Daily Update, 3/6/2026
- Marvell Technology: Accelerating AI Data Center Momentum and Long-Term Growth Upside Supports Buy Rating
- Marvell Stock (MRVL) Surges after Crushing Q4 — Top BofA Analyst Upgrades to Buy
- Marvell price target raised to $100 from $90 at Goldman Sachs
- Marvell price target raised to $120 from $114 at Stifel