Rosenblatt Securities analyst Hans Mosesmann maintains $Marvell Technology (MRVL.US)$ with a buy rating, and maintains the target price at $120.
According to TipRanks data, the analyst has a success rate of 69.6% and a total average return of 32.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marvell Technology (MRVL.US)$'s main analysts recently are as follows:
Anticipation for Marvell's upcoming quarterly results remains high, propelled by advancements in custom compute and networking/optics. Looking forward, analysts predict that multiple product cycles and an increase in market share and content will accelerate tailwinds heading into the second half of the year and continuing through 2025. The sentiment remains bullish for the long-term investment in the company.
The firm anticipates that an accelerating custom AI ASIC ramp, along with continued signs of normalizing core revenue, will bolster further confidence in achieving over $4 per share in FY26 EPS.
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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