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Marvell Technology (MRVL) AI Bookings Drive $285 Price Target

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Marvell Technology (MRVL) received a buy recommendation with a $285 target after raising FY2027 revenue guidance to $11.5 billion on strong AI bookings.
  • The company's custom silicon growth and AI infrastructure expansion highlight significant future potential.
  • Competitor Broadcom (AVGO) also saw substantial AI semi revenue growth.
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AVGO price history

361.99 -3.69% over the displayed period

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