Stifel Raises Marvell (MRVL) Price Target, Keeps Buy Rating

Core Insights - Marvell Technology, Inc. (NASDAQ:MRVL) is recognized as one of the top American semiconductor stocks to invest in, with Stifel raising its price target from $80 to $95 while maintaining a Buy rating [1] Business Growth - The optical business of Marvell has experienced significant growth since the acquisition of Inphi in 2021, increasing from approximately $800 million in annual revenue to a current run-rate of around $3 billion [2] - The acquisition of Innovium, announced in 2021, has also been successful, with this segment now generating twice the initially expected revenue of $150 million, and further growth anticipated as 51.2T technology ramps up [3] Custom Silicon Engagement - Marvell's custom silicon business is witnessing strong engagement, with design activity reaching all-time highs and over 50 new pipeline opportunities identified, representing an estimated $75 billion in lifetime revenue potential [4] Company Overview - Marvell Technology, Inc. develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure [5]