Cantor Fitzgerald and Barclays Turn More Positive on Marvell (MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 Best Performing AI Stocks to Buy. On April 9, Cantor Fitzgerald raised its price target on Marvell Technology, Inc. (NASDAQ:MRVL) from $100 to $120 and maintained its Neutral rating on the stock.

The research firm noted that AI remains a strong theme in the market, while everything else is “not.” However, Cantor Fitzgerald pointed out that the larger question is when investors will move to a more “risk-on” approach after recent reductions in positions. The firm said that with a pause in the Iran conflict and a 15% decline in the semiconductor index (SOC) by the end of the March quarter, it believes that a shift toward risk-taking could happen now or in the near future. Cantor Fitzgerald added that memory and semiconductor production equipment (SPE) companies are expected to benefit first from the risk-on environment. The research firm is also positive on compute, where the demand remains strong despite valuations appearing “disconnected” with reality.

Also on April 9, Barclays upgraded its rating on Marvell Technology, Inc. (NASDAQ:MRVL) from Equal weight to Overweight and raised its price target from $105 to $150. Analyst Tom O’Malley noted that industry checks indicate optical ports should double in 2026 and then double again in 2027.

Based on the firm’s estimates, Marvell Technology, Inc.’s (NASDAQ:MRVL) optical segment could grow by around 90% this year and next, even considering some loss of market share to Broadcom Inc. (NASDAQ:AVGO).

Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.

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