Marvell Technology, Inc. (NASDAQ:MRVL) is one of 10 AI stocks that will skyrocket.
Marvell Technology, Inc. received a price target increase from Cantor Fitzgerald on June 18, with the firm raising its estimate to $75 from $60. Despite the upward revision, Cantor maintained a Neutral rating on the semiconductor stock. In a research note, Cantor acknowledged that Marvell’s expanding total addressable market aligns with ongoing momentum in the data center space. Analysts called the company’s recent commentary “an overall positive step forward” in understanding its long-term growth trajectory.
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However, the note expressed disappointment over the limited updates on ramp progress with cloud giants Amazon and Microsoft. Cantor cited lingering investor concerns over a potential slowdown extending into mid-2026. The firm did note encouraging signs from Marvell’s engagement with a new hyperscale customer but emphasized that visibility into the financial impact remains limited. Without concrete figures, estimating earnings contributions through 2028 remains a challenge, analysts said.
Cantor also questioned Marvell Technology, Inc.’s goal to reach 20% market share in the data center segment. Analysts suggested that growth in custom silicon is likely to remain concentrated among hyperscalers with large language model deployments, a scenario seen as favorable to Broadcom. The revised $75 price target is based on a valuation of approximately 20 times Cantor’s projected 2026 earnings per share estimate of $3.60, which the firm described as a more fitting multiple for Marvell’s outlook.
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