Marvell (MRVL) Gets Strong Buy as Raymond James Backs XConn Acquisition

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks Analysts Are Watching Closely. On January 6, Raymond James analyst Simon Leopold reiterated a Strong Buy rating on the stock with a $125.00 price target. The rating affirmation follows Marvell’s announcement of intent to acquire XConn, a provider of PCIe and CXL switching silicon and UALink technology. The deal, worth about $540M, is expected to strengthen its AI data center connectivity solutions. Marvell noted that this acquisition enhances ...