Marvell Technology (MRVL) rose 5.7 percent today, reversing a three-day slide, after Rosenblatt and Susquehanna lifted price targets on the AI infrastructure chipmaker ahead of Thursday's Q2 earnings.
Rosenblatt analyst Sajal Dogra raised his target to $300 from $240, maintaining a buy rating. That implies 31 percent upside from yesterday's $229.29 close. Susquehanna moved its target to $265 from $230, also keeping its positive rating—16 percent upside from current levels.
Rosenblatt expects Marvell to deliver a "beat-and-raise" quarter, exceeding its own forecasts and raising forward guidance. Susquehanna anticipates an upward revision to the fiscal 2027 Inphi target, banking on continued momentum in AI networking for optical interconnects.
Marvell has guided for Q2 revenue of approximately $2.7 billion and diluted EPS between $0.32 and $0.42. In Q1, the company posted $2.418 billion in revenue (up 27.57 percent year-over-year) and non-GAAP EPS of $0.80, meeting consensus.
Simply Wall St reported that the analyst consensus fair value estimate has risen to $249.80 from $175.72, reflecting higher revenue growth projections, stronger margins, and a richer forward multiple. The repricing reflects confidence that Marvell's Inphi unit will capture sustained AI data center demand.
