By Ghazal Ahmed
Publication Date: 2026-08-27 20:36:00
The near-term setup for Marvell Technology Inc. (NASDAQ: MRVL) looks promising. Marvell has already delivered another beat-and-raise Wall Street was looking for, but the more compelling story is what could unfold over the coming years.
The company’s second-quarter sales rose 37% to $2.74 billion, beating estimates of $2.71 billion, while adjusted profit came in at 94 cents per share, compared with estimates of 92 cents. Marvell also forecast third-quarter revenue of $3.15 billion, plus or minus 5%, compared with analysts’ average estimate of $3.03 billion.
On August 25, Rosenblatt analyst Sajal Dogra raised the firm’s price target on Marvell Technology Inc. (NASDAQ: MRVL) to $300 from $240 and keeps a Buy rating on the shares. The same day, Susquehanna analyst Christopher Rolland raised the price target on the stock to $265.00 (from $230.00) while maintaining a Positive rating.
What’s Behind the Bullish Ratings?
…
