RBC Initiates Coverage on Marvell (MRVL), Cites 25% Valuation Discount to Peers

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks Making Waves on Wall Street. On January 14, RBC Capital analyst Srini Pajjuri initiated coverage on the stock with an “Outperform” rating and a price target of $105. The analyst sees multiple growth drivers for Marvell and an undervalued entry point. According to Pajjuri, the key debate surrounding the stock is whether management’s outlook for more than 20% data center growth in fiscal 2027, and over 40% growth in fiscal 2028, is achievable. ...