Goldman Sachs Starts Marvell (MRVL) at Neutral

Goldman Sachs analyst James Schneider initiates coverage on Marvell (NASDAQ: MRVL) with a Neutral rating and a price target of $75.00.

The analyst comments: "We initiate on Marvell (MRVL) with a Neutral rating and a 12-month target price of $75. Marvell is a networking solutions provider and an industry leader in optical DSPs. The company has also seen growing traction in its custom compute franchise. We believe the company has demonstrated early success in its custom compute franchise, with deployments at Amazon and recently announced new customer wins at its Custom AI event. However, we have only moderate visibility into the shape of the company's custom compute ramp in CY26. On the positive side, we believe that the company is on a path to recovery in its traditional Enterprise Networking and Carrier businesses. All in, we see a balanced risk/reward profile at these levels. We could be more constructive on the stock if we were to gain better visibility on the company's ASIC ramp in 2026 and beyond."

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 $72.26 yesterday.

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