Why Needham Raised Marvell’s (MRVL) Price Target From $80 to $95

Core Insights - Marvell Technology, Inc. is highlighted as a leading AI stock, with a price target increase from $80.00 to $95.00 by Needham analyst N. Quinn Bolton, maintaining a Buy rating [1] Company Performance - CEO Matt Murphy addressed investor concerns regarding custom silicon revenue, indicating no expected revenue gap for the next year, particularly at AWS [2][3] - For fiscal year 2027, the Data Center segment is projected to grow in line with hyperscaler CapEx at +18% year-over-year, while custom silicon revenue is expected to remain stable [2][3] - Growth rates for other segments, such as Optics and emerging markets, are anticipated to exceed the +18% year-over-year growth rate [3] Strategic Positioning - The company is well-positioned to capitalize on opportunities in scale-up network connections, reflecting a strategic focus on growth in this area [3]