Bouncing back from the 3.3% slide it experienced from the end of trading on Friday through the close of yesterday's market session, Marvell Technology (NASDAQ: MRVL) stock is rising today. With two firms boosting their price targets, investors are clearly motivated to load up on shares of the artificial intelligence (AI) infrastructure company.
As of 11:54 a.m. ET, shares of Marvell are up 5.7%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Maintaining a buy rating, Sajal Dogra, an ******* yst at Rosenblatt, hiked the price target on Marvell to $300 from $240. According to Thefly.com, Rosenblatt believes the company will report "another beat-and-raise" quarter when it announces second-quarter 2027 financial results on Thursday.
The second price target hike comes from Susquehanna, which raised its target to $265 from $230 while maintaining a positive rating on the stock. Thefly.com reported that Susquehanna also expects Marvell to upwardly revise its fiscal 2027 target for Inphi, believing Inphi's momentum will be sustained by continued growth in AI networking.
#susquehanna
As of 11:54 a.m. ET, shares of Marvell are up 5.7%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Maintaining a buy rating, Sajal Dogra, an ******* yst at Rosenblatt, hiked the price target on Marvell to $300 from $240. According to Thefly.com, Rosenblatt believes the company will report "another beat-and-raise" quarter when it announces second-quarter 2027 financial results on Thursday.
The second price target hike comes from Susquehanna, which raised its target to $265 from $230 while maintaining a positive rating on the stock. Thefly.com reported that Susquehanna also expects Marvell to upwardly revise its fiscal 2027 target for Inphi, believing Inphi's momentum will be sustained by continued growth in AI networking.
#susquehanna
2 months ago
