SIG analyst Christopher Rolland maintains $Marvell Technology (MRVL.US)$ with a buy rating, and adjusts the target price from $95 to $110.
According to TipRanks data, the analyst has a success rate of 62.1% and a total average return of 24.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marvell Technology (MRVL.US)$'s main analysts recently are as follows:
Ahead of quarterly results, expectations are set for positive outcomes in Q3 prints and Q4 guides, primarily driven by advancements in custom compute and networking/optics. Analyst expectations include acceleration of tailwinds into the second half of the year through 2025, buoyed by multiple product cycles and expected share/content gains. The viewpoint supports a long-term buying strategy.
The firm expects an accelerating custom AI ASIC ramp, along with continued signs of normalizing core revenue, to foster greater confidence in future earnings.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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