Marvell (MRVL) Earns $121 Price Target on Rising AI Compute and Advanced Packaging Momentum

5 days ago 8

Ghazal Ahmed

Tue, November 25, 2025 astatine 10:48 AM CST 2 min read

Marvell Technology, Inc. (NASDAQ:MRVL) is 1 of the AI Stocks successful Focus connected Wall Street. On November 20, Raymond James assumed sum connected the banal with a Strong Buy standing and a terms people of $121.00. The steadfast is bullish connected the banal arsenic it sees Marvell well-positioned for AI-driven request and precocious packaging trends.

While analysts admit however Marvell faces skepticism being a secondary customized silicon supplier, it believes it has the close ingredients owed to its exertion circumstantial integrated circuit concern and optics segment.

“Marvell’s shares person traded 25–30× next-twelve-month (NTM) P/E aft re-rating little earlier this twelvemonth (the 3-year and 5-year mean is ~30×), and applying today’s 26× aggregate to our $4.67 FY28/CY27 EPS estimation yields a terms people of $121.”

The firm’s exemplary reflects contented stock declines to 10% astatine Amazon due to the fact that of much IP/design moves to Alchip and Amazon’s Annapurna interior plan team. Moreover, it models Trainium/Inferencia chips totaling 1.5 cardinal successful CY25, expanding to 2 cardinal successful CY26 and 2.8 cardinal successful CY27.

It besides assumes a akin 10% contented ratio for Microsoft’s Maia arsenic it “ramps to meaningful accumulation from ~75K successful CY25 to 382K successful CY26 and 620K chips successful CY27.”

The expected maturation successful shipments volition apt thrust customized compute income to $1.4B (-6% y/y) successful CY26 and $2.2B (+50% y/y) successful CY27; added the analysts. Meanwhile, optics is expected to ascent $4.4B and $5.6B successful CY26 and CY27, increasing 40% and 26%.

“Marvell is good positioned to thrive erstwhile precocious packaging becomes the marketplace exemplary with chiplets and monolithic amounts of interconnect.”

Marvell Technology, Inc. (NASDAQ:MRVL) engages successful the improvement and accumulation of semiconductors, focusing heavy connected information centers.

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