What is Marvell Technology's stock ticker?

Marvell Technology's stock ticker is MRVL on the NASDAQ.

Why did UBS raise Marvell's price target?

UBS raised Marvell's price target due to strong performance in its optics business and anticipated ASIC wins with Microsoft.

What is Marvell's focus in the semiconductor market?

Marvell Technology focuses on developing and producing semiconductors, with a significant emphasis on data centers.

Home / Business and Economy / UBS Boosts Marvell Price Target to $110

UBS Boosts Marvell Price Target to $110

29 Nov

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Summary

UBS raised Marvell's price target to $110 from $105.
Upside is expected from optics business and Microsoft ASIC wins.
New estimates include potential $2.2B revenue in FQ4.

Marvell Technology (NASDAQ:MRVL), a significant player in semiconductor development, particularly for data centers, has seen its stock gain attention. UBS recently upgraded its price target for Marvell to $110 from $105, maintaining a 'Buy' rating. This adjustment reflects an improved outlook for the company's optics business.

The financial firm has increased its revenue projections, anticipating that Marvell's fourth-quarter revenue could climb to $2.2 billion. This growth is largely attributed to increased demand linked to GPU ramps and anticipated wins related to Microsoft's ASIC development, expected to materialize from late 2026 into 2027.

While Marvell is positioned to benefit from the burgeoning AI market, the analysis suggests that other AI stocks might present even greater potential for upside and carry less inherent risk. Investors are encouraged to explore further opportunities within the dynamic AI sector.

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