Marvell price target raised to $155 from $133 at Evercore ISI

Evercore ISI raised the firm’s price target on Marvell (MRVL) to $155 from $133 and keeps an Outperform rating on the shares. After a round of Q1 AI channel checks, the firm said the main themes it heard included that AI workloads are shifting from a training-led regime toward an inference-led regime by end of 2026 and that a shift is increasing focus on cost-per-token, ROI and TCO, which is accelerating hyperscaler interest in homegrown ASICs and alternative accelerators.