Marvell Technology(US:MRVL) Benzinga·2025-12-03 19:32Core Viewpoint - Marvell Technology Inc. reported strong third-quarter earnings, leading to a rise in its stock price and positive revisions of price forecasts by Wall Street analysts [1][2]. Financial Performance - The company is projected to see data center revenue increase by over 25% in fiscal 2027, with a strong outlook for fiscal 2028 as well [3][7]. - Analysts project fiscal 2027 revenue of $9.93 billion and adjusted EPS of $3.59, with potential revenue reaching $12.35 billion in fiscal 2028 [6]. Strategic Acquisitions - The acquisition of Celestial AI is viewed as strategically valuable, with expectations for meaningful revenue contributions starting in the second half of fiscal 2028, potentially reaching a $1 billion run rate by fiscal 2029 [4][11]. - Analysts believe that this acquisition positions Marvell to dominate the emerging optical interconnect market [6]. Analyst Ratings and Price Forecasts - Rosenblatt analyst Kevin Cassidy raised the price forecast from $95 to $120, maintaining a Buy rating [8]. - Benchmark analyst Cody Acree reiterated a Buy rating and raised the price forecast from $95 to $130 [8]. - JPMorgan analyst Harlan Sur maintained an Overweight rating and increased the price forecast from $120 to $130 [8]. - Needham analyst N. Quinn Bolton also reiterated a Buy rating and raised the price forecast from $95 to $120 [8]. Market Position and Growth Potential - Marvell's stock was up 6.38% at $98.81 at the time of publication, reflecting positive market sentiment [11]. - Analysts emphasize clear visibility into growth, supported by secured purchase orders from major customers, ensuring no revenue gaps for the upcoming fiscal year [10].