RBC Capital raised the firm’s price target on Marvell (MRVL) to $170 from $115 and keeps an Outperform rating on the shares as part of a broader research note discussing the implications of the Amazon (AMZN) – Anthropic agreement which includes Anthropic securing up to 5GW of new capacity from AWS. The announcement is a material positive for AWS suppliers and gives the firm higher conviction in 2027 estimates as well as longer-term expectations for growth, the analyst tells investors in a research note.
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:
- Morning Movers: Energy stocks higher amid U.S.-Iran tensions
- Why Is Invesco QQQ Trust ETF (QQQ) Falling Today 4/20/2026?
- Why Is Marvell Stock (MRVL) Rising Today?
- Google in discussions with Marvell to develop 2 new chips, Information says
- Alphabet (GOOGL) Turns to Marvell (MRVL) for AI Chips as It Looks Beyond Broadcom (AVGO)