Marvell price target raised to $75 from $60 at Cantor Fitzgerald

Cantor Fitzgerald raised its price target on Marvell Technology stock (NASDAQ:MRVL) to $75 from $60 on Wednesday, while maintaining a Neutral rating on the semiconductor company. Currently trading near $70, with a market capitalization of $60.35 billion, Marvell has shown significant momentum, though InvestingPro data indicates the stock is trading close to its Fair Value.

The research firm acknowledged that Marvell’s total addressable market increase was expected given the current data center environment, calling the company’s discussion "an overall positive step forward" in understanding its growth trajectory. This optimism is supported by the company’s impressive revenue growth of 21.6% over the last twelve months, according to InvestingPro data.

Cantor Fitzgerald expressed disappointment about limited new information regarding Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) ramps, noting that "fears of a potential air pocket into mid-2026 remain." The firm said it was encouraged by Marvell’s new emerging hyperscale customer engagement but found it difficult to quantify the impact on 2026-2028 earnings without more specific details.

The research firm questioned Marvell’s ability to achieve its 20% data center market share target, suggesting that large-scale custom silicon ramps would likely be limited to hyperscalers with LLMs and customer-facing applications, which favors Broadcom (NASDAQ:AVGO)’s position.

Cantor Fitzgerald’s new $75 price target reflects approximately 20 times its calendar year 2026 earnings per share estimate of $3.60 for Marvell, which the firm described as "a more appropriate" multiple. While the stock currently trades at high valuation multiples, 15 analysts have recently revised their earnings estimates upward. For deeper insights into Marvell’s valuation and growth prospects, investors can access comprehensive analysis through the Pro Research Report available on InvestingPro.

In other recent news, Marvell Technology has been the focus of several significant developments. Rosenblatt Securities reiterated its buy rating for Marvell, setting a price target of $124, citing the company’s expanding market opportunities in custom AI infrastructure. The firm’s investor presentation highlighted Marvell’s increased total addressable market, now at $94 billion, and its aim to capture a 20% market share. Additionally, Marvell announced the launch of the industry’s first 2nm custom SRAM technology, designed to enhance AI infrastructure applications by offering high-speed memory solutions and improved power efficiency.

In another development, Marvell unveiled its custom Ultra Accelerator Link (UALink) solution, which aims to optimize interconnect capabilities between AI accelerators and switches. This solution is part of Marvell’s strategy to address challenges in AI infrastructure scaling. Analyst Joshua Buchalter from TD Cowen raised Marvell’s stock price target to $70, maintaining a "Buy" rating, while noting the company’s strong engagement with Amazon on 3-nanometer technology.

UBS analyst Timothy Arcuri also reaffirmed a Buy rating for Marvell, maintaining a $100 price target. Arcuri expects revenue growth from Amazon next year, although projections for Microsoft in 2027 remain uncertain. These developments underscore Marvell’s continued focus on custom semiconductor solutions and its strategic partnerships in the tech industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.