Marvell Technology Inc‘s (NASDAQ:MRVL) share price spiked on Tuesday ahead of the company's fiscal first-quarter results, scheduled for Wednesday.
Here are the key analyst insights:
- Cantor Fitzgerald analyst C.J. Muse maintained a Neutral rating and raised the price target from $120 to $190.
- JPMorgan analyst Harlan Sur reiterated an Overweight rating on the stock.
Check out other analyst stock ratings.
Cantor Fitzgerald: Marvell is likely to report a modest beat for its April quarter results. Muse expects the company’s management to slightly raise its July-quarter guidance. He expects "particular strength" in Optics and Switching, with sustained growth in Custom Silicon.
The analyst expects management to raise the guidance to reflect:
- Data Center revenue growth of 50% in fiscal 2027 (up from an earlier projection of 40%);
- Total revenues to reach $15 billion in fiscal 2028, up nearly 40%.
- Room to raise revenues to $15.5 billion or higher, given "likely greater contributions from Maia and stronger DSP demand."
It is unclear to us how much of a beat is required to sustain outperformance, Muse further wrote.
JPMorgan: Sur says there is "strong upside in the stock from current levels.” Marvell is likely to report higher-than-expected revenue and earnings outlook for 2026 and 2027.
Investors should expect strong demand for its optical DSP solutions. Marvel will deploy several GPU/XPU programs in the second half of the year, he added.
The analyst expects the company to report its April-quarter results and July-quarter guidance ahead of consensus estimates. He also expects management to raise its fiscal 2028 Data Center growth outlook from 50% to 60%.
MRVL Price Action: Shares of Marvell Technology had risen by 4.54% to $205.24 at the time of publication on Tuesday.
Marvell shares are up almost 130% year-to-date.
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