Marvell Technology Q1 results: Revenue boosted by AI demand

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Go back to Marvell Technology Q1 results: Revenue boosted by AI demand

Needham Reiterates Buy Rating on Marvell (MRVL)

May 31, 2024 6:18 AM EDT

Needham analyst N. Quinn Bolton reiterated a Buy rating and $95.00 price target on Marvell (NASDAQ: MRVL).

The analyst comments "Marvell reported a beat and raise 1QF25 as the Data Center segment continues to outperform. Our key takes: 1) GM will be weighed down... More

Marvell (MRVL) PT Raised to $91 at Evercore ISI

May 31, 2024 4:54 AM EDT

Evercore ISI analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $91.00 (from $88.00) while maintaining a Outperform rating.

The analyst comments "Setting Table For AI Upside. On the positive side MRVL reported its AI revs doubled YY, we est... More