Marvell price target raised to $135 from $130 at B. Riley

Core Viewpoint - B. Riley has raised the price target for Marvell (MRVL) to $135 from $130 while maintaining a Buy rating on the shares, indicating positive sentiment towards the company's performance and future prospects [1]. Group 1: Financial Performance - Marvell's Q4 results and Q1 guidance have exceeded consensus expectations, showcasing strong performance [1]. - The growth is attributed to robust momentum in the Data Center's Custom Compute, Optics, and Switch businesses [1]. Group 2: Business Drivers - The success is also linked to the scaling of XPU and XPU attach programs, which are contributing to the company's growth trajectory [1].