Investors Eye Marvell’s (MRVL) Next Moves as Analysts Reaffirm $90 Target

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks to Watch Out For in 2025On August 29, TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $90.00 price target on the stock.

TD Cowen’s analysis reflects concerns regarding Marvell’s custom silicon business which is expected to decline in the October quarter before bouncing back in the January quarter.

Investors may not like the F3Q downtick, and are more interested in follow-on wins that they need to see to believe.

“Lack of Upside and Still the Same Questions Makes for a Tough Quarter; An in-line print/guide with custom silicon signaled down in OctQ due to “lumpiness” before growing in JanQ. The F3Q downtick amid supply chain noise is unlikely to be well-received given uncertainty on follow-on wins that investors likely need to see to believe. Outside custom, electro-optics strength remains a bright spot with secular pull, and ex-datacenter segments are rebounding. Buy, $90 PT.”

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.

While we acknowledge the risk and potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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