Analysts lift Marvell price targets amid Google deal

Citi maintains a Buy rating on Marvell and lifts its price target to 275, citing higher earnings expectations and the value of Marvell’s expanding Google relationship in AI infrastructure. The Google deal could involve Google purchasing up to 58.97 million Marvell shares at 206.58 apiece, representing as much as 12.2 billion and broadening Marvell’s role in AI hardware such as AI inference accelerators and related IP. Oppenheimer meanwhile raises Marvell’s target to 300 from 250, highlighting upside ahead of quarterly results and an AI-driven data-center platform expansion that supports a longer-term revenue and earnings path. Roth Capital also increases its target to 350 from 275 and maintains a Buy rating, noting the traction of Marvell’s Google-enabled attach products for AI inference as a key driver of forward growth. Overall, investors are bullish on Marvell’s AI infrastructure exposure and supplier relationships with Google, with multiple firms revising targets higher ahead of earnings.