Stifel Reiterates Buy Rating on Marvell (MRVL)

Stifel analyst Tore Svanberg reiterated a Buy rating and $80.00 price target on Marvell (NASDAQ: MRVL).

The analyst commented, "On May 6 after the market close, Marvell scheduled a webinar (6/17) to shine a spotlight on custom AI infrastructure ASIC business, one of the company’s most important and fastest-growing segments.MRVL also postponed its previously scheduled Investor Day from June 10, 2025 to a future date in CY26, due to the current macro environment and what we believe is a more timely, highly relevant deep-dive into a critical growth business.Finally, MRVL took the opportunity to reaffirm its prior revenue outlook, narrowing the range around its prior midpoint $1.875bn +/- 2% vs. the prior range of +/- 5%.Investment Conclusion: Despite the Investor Day rescheduling, we believe the AI custom silicon webinar likely underscores the strong business momentum/ outlook in this segment, while addressing some of the recent investor speculation around the company’s competitive positioning in this space. Maintain Buy, 12-month TP of $80 (7.7x CY26E EV/S)."

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.

Shares of Marvell closed at $61.22 yesterday.

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