Marvell price target raised to $195 from $135 at Wells Fargo

Wells Fargo raised the firm’s price target on Marvell (MRVL) to $195 from $135 and keeps an Overweight rating on the shares. While Marvell’s more than 30 times 2027 price-to-earnings certainly makes for a tougher set-up into Q1 2027 print, the firm sees AWS Trainium deploy, XPU-attach ramp, and continued Interconnect momentum as driving sufficient upside to support a bullish rating.