Stifel reiterates Buy rating on Marvell stock with $80 price target

Investing.com - Stifel has maintained its Buy rating on Marvell (NASDAQ:MRVL) with a price target of $80.00, according to a recent analyst note. The semiconductor company, currently trading at $72.01, has shown strong momentum with 16 analysts recently revising their earnings estimates upward. According to InvestingPro data, analyst consensus remains highly bullish with targets ranging from $64.31 to $133.00.

The $80 target price represents a 7.6x CY26E EV/Sales multiple for the semiconductor company, reflecting Stifel’s continued confidence in Marvell’s growth prospects. The company’s revenue grew 21.6% in the last twelve months, with analysts expecting continued growth this year.

Stifel analyst Tore Svanberg outlined several risk factors that could impact the target price, including management’s ability to implement strategy and successfully integrate multiple acquisitions.

Additional risks noted include Marvell’s ability to gain traction or maintain momentum in key markets such as data center, 5G infrastructure, and automotive sectors, as well as competition with larger, more established rivals in certain segments.

The analyst also highlighted general semiconductor industry risks including cyclicality, rapid technology shifts, and potential disruptions from external factors such as macroeconomic conditions, geopolitical challenges, trade issues, pandemic effects, and supply chain difficulties.

In other recent news, Marvell has been the focus of several analyst reviews and company updates. BofA Securities raised its price target for Marvell to $90, maintaining a Buy rating after the company announced an expanded pipeline in its custom-compute segment. The company aims to capture a 20% market share in compute and data centers by 2028, with a total addressable market estimate of $94 billion. Meanwhile, TD Cowen maintained its Buy rating and $70 price target, citing Marvell’s potential in the AI market, despite competitive challenges. Piper Sandler reiterated an Overweight rating, highlighting confidence in Marvell’s XPU growth strategy and its resilience in the hyperscaler market. Additionally, Goldman Sachs initiated coverage with a Neutral rating and a $75 price target, acknowledging Marvell’s recovery path in its Enterprise Networking and Carrier businesses. Marvell’s recent announcements and analyst ratings suggest a focus on AI and data center growth, with varying levels of optimism from financial analysts.

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