By Claire Yubin Oh
Publication Date: 2026-05-14 12:06:00
Marvell Technology is enjoying another bump in its stock in early trading on Thursday following a series of target hikes from Wall Street analysts and strong read-across from Cisco, which is surging after reporting an earnings beat and boosting guidance.
Ahead of Marvell’s Q1 2027 earnings, expected to be released on May 27, Bank of America’s Vivek Arya raised the chipmaker’s price target to $200, from $125, while maintaining a “buy” rating on Wednesday. Calling the chipmaker a “top pick,” Arya highlighted the growing potential of AI data centers’ total addressable market, or future market size, as well as the role of AI networking — the hardware that powers data transfers between chips, optical components, and servers, which MRVL specializes in, and has been bringing in deals from big clients like Nvidia — in that expansion.
Goldman Sachs analysts took a more cautious stance in a Wednesday note, sticking to its “neutral” rating despite bumping its 12-month…
