Marvell (MRVL) Earns $121 Price Target on Rising AI Compute and Advanced Packaging Momentum

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks in Focus on Wall Street. On November 20, Raymond James assumed coverage on the stock with a Strong Buy rating and a price target of $121.00. The firm is bullish on the stock as it sees Marvell well-positioned for AI-driven demand and advanced packaging trends. While analysts acknowledge how Marvell faces skepticism being a secondary custom silicon supplier, it believes it has the right ingredients due to its application specific integrated cir ...