Marvell price target raised to $164 from $141 at Craig-Hallum

Craig-Hallum analyst Christian Schwab raised the firm’s price target on Marvell (MRVL) to $164 from $141 and keeps a Buy rating on the shares. Marvell reported strong Q4 results and raised its multi-year outlook, with data center revenue now expected to grow 40% year over year in FY27 and 50% in FY28, driven by broad strength across interconnect, custom compute, and switching segments, the analyst tells investors in a research note.