Marvell Technology, Inc. (NASDAQ:Brvl) is one of 10 AI Stocks Will Skyrocket.
Marvell received Technology, Inc. (NASDAQ: MRVL) Price target increase from Cantor Fitzgerald on June 18, with the company raising its estimate to $ 75 from $ 60. Despite the upward review, Cantor conducted a neutral rating on the semi -conductor stock. In a research note, Cantor acknowledged that a total market referred to Marvell is in conjunction with persistent momentum in the data center space. Analysts called the company's recent commentary “a general positive step forward” in understanding its long -term growth route.
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However, the note expressed disappointment at the limited ramp progress updates with Amazon and Microsoft cloud giants. Cantor referred to the concerns of Lingering's investors regarding potential slowdown extending to mid -2026. The company noted signs encouraging Marvell's engagement with a new hyperscale customer but emphasized that visibility to the financial impact remains limited. Without definite figures, estimating earnings contributions throughout 2028 remains a challenge, analysts say.
Cantor also questioned Marvell Technology, Inc. (NASDAQ: MRVL) to reach 20% market share in the data center segment. Analysts suggested that a custom silicone growth is likely to remain central among hyperscalers with the location of large language models, a scenario that is considered conducive to Broadcom. The revised $ 75 price target is based on a valuation of approximately 20 times the 2026 earnings estimate predicted by a Cantor per share of $ 3.60, which the company described as a more suitable multiple for the Marvell forecast.
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Disclosure: None.