Marvell Technology

TD Cowen upgrades Marvell Technology from "Hold" to "Buy" and raises the price target from $245 to $350, saying the growth drivers have shifted toward connectivity solutions. Marvell raises its revenue forecast for 2026 to $20 billion and targets $70–$90 billion in long-term revenue. Analyst Sean O’Loughlin sees the risk from specialized processors as reduced and cites the portfolio and the positioning in AI scaling as competitive advantages. The stock has gained almost 240% year-to-date; the next technical target is the all-time high at $329.88. » More on deraktionaer.de

Marvell raised its fiscal 2028 revenue outlook to $20 billion (from $18 billion) and said strong demand for data‑center connectivity and custom chips is driving growth. Management expects the custom chip business to triple in fiscal 2029 to more than $12 billion. Marvell forecasted total company revenue of $70–$90 billion for fiscal 2031, well above the FactSet consensus of $47 billion, and assumes data‑center capex will reach $3 trillion by 2030 to support that path. » More on cnbc.com

At its investor day Marvell announced ambitious revenue targets of $70 to $90 billion for fiscal 2031, with management expecting about $20 billion for 2028. The forecasts are based on custom AI chips and a stronger interconnect segment; the midpoint of the 2031 range would roughly multiply 2026 revenue of $8.2 billion by ten. Analysts and Barron’s view the goal as very ambitious: the company would need to sustain annual growth rates of around 55–60% for years, making its reliance on large customers and continued cloud investment the main risk. » More on finanzen.net