BUZZ-"Broker Opinions" Observation: As growth drivers for artificial intelligence continue to increase, Wall Street’s attitude towards Marvell Electronics is becoming more positive.
路透社2026/10/07 10:36October 7 - Marvell Technology (MRVL.O) on Tuesday raised its fiscal 2028 revenue forecast to around $20 billions, beating Wall Street expectations, as surging artificial intelligence spending drives growing demand for the company’s custom data center chips. At least 11 analysts have raised their price targets; the median target price among 45 brokerages covering the stock is $325, according to Reuters data. Full speed ahead: Morgan Stanley (rated “Neutral”, target price $300) said the company's long-term targets are achievable in a potential $3 trillion AI infrastructure spending environment, but cautioned that the projected 55%-70% growth leaves almost no room for execution errors, setting a high bar for quarterly results. JPMorgan (“Overweight”, target price $360) noted: "The company is operating at full speed, and the upgraded outlook is not limited to a single product category or customer, but is supported by multiple growth drivers across the data center full stack.” TD Cowen (“Buy”, target price $350) stated that Marvell’s underlying growth momentum has fully shifted to its robust connectivity business, and the risks associated with its custom XPU projects have substantially eased. Melius Research (“Buy”, target price $445) believes that Marvell's market capitalization could reach $1 trillion if the company executes as planned. (For the convenience of non-English speakers, Reuters has automatically translated its report into several other languages. Due to possible errors in automated translation or the absence of required context, Reuters does not guarantee the accuracy of translated texts, which are provided only for reader convenience. Reuters assumes no liability for any damage or loss caused by use of the automated translation feature.)
October 7 - ** Marvell Technology (MRVL.O) on Tuesday raised its fiscal 2028 (link) revenue guidance to around $20 billion, above Wall Street expectations, as surging artificial intelligence spending is driving increased demand for the company’s custom data center chips.
** At least 11 analysts raised their price targets; among 45 brokerages covering the stock, the median price target is $325 — according to Reuters compiled data.
Full speed ahead
** Morgan Stanley (rating: “Neutral”, target price: $300) said that in a potential $3 trillion AI infrastructure spending environment, the company’s long-term goals are achievable, but warned that expected growth of 55%-70% leaves nearly no room for execution errors, setting a high bar for quarterly performance.
** JPMorgan (“Overweight”, target price: $360) stated: “The company is firing on all cylinders, and the guidance upgrade is not limited to one product category or customer, but is supported by several growth drivers across the data center full stack.”
** TD Cowen (rating: “Buy”, target price: $350) noted that Marvell’s fundamental growth drivers have completely shifted to its strong connectivity business, and that risks associated with its custom XPU project have been significantly alleviated.
** Melius Research (“Buy”, target price: $445) believes that if Marvell can deliver as planned, its market capitalization could reach $1 trillion.
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. Because automated translation may contain errors or may not include the context required, Reuters does not guarantee the accuracy of automated translation. The automated translation is provided to assist readers only. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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