7/103 sources · 3 publishersUpdated Oct 8, 22:47 UTC
Analysts upgrade Marvell Technology to Buy and raise price target to $350
TD Cowen upgraded Marvell Technology (MRVL) to Buy, lifting its price target from $245 to $350 and projecting EPS above $30 within three years. UBS also maintained a Buy rating and increased its target from $335 to $350. Both firms cite strong growth in data‑center networking and reduced reliance on custom XPU programs.
Why it matters
TD Cowen says the higher target reflects confidence that EPS can exceed $30 in three years, which could support a higher valuation for investors. UBS notes the raised target signals belief in Marvell’s growth prospects despite current overvaluation concerns.
Key facts
- 1TD Cowen raised its price target for Marvell to $350 from $245. investing.com
- 2TD Cowen projects Marvell could generate more than $30 earnings per share within three years. investing.com
- 3Marvell raised its fiscal‑year 2028 revenue outlook to $20 billion. investing.com
- 4Marvell introduced a fiscal‑year 2031 revenue framework of $70 billion to $90 billion. investing.com
- 5UBS increased its price target from $335 to $350, a 4.48% rise. gurufocus.com
- 6Current Marvell share price is $284.68. gurufocus.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.