Stifel Raises Marvell's Price Target Amid Growing AI Data Center Demand
On June 2, Stifel analyst Tore Svanberg raised his price target for Marvell Technology (NASDAQ:MRVL) to $321 from $230 while maintaining a Buy rating. The adjustment follows Marvell CEO Matt Murphy's COMPUTEX keynote highlighting the company’s role in AI connectivity solutions and aligns with management guidance during its Q1 2027 earnings call.
Topics: AI Data Centers Semiconductors Stock Analysis