Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks on the Market’s Radar. On November 24, UBS raised its price target on the stock to $110 from $105 while maintaining a “Buy” rating. The firm maintains a bullish near-term view on Marvell and sees upside coming from its optics business and Microsoft-related ASIC wins.
The firm said that it is “tweaking” estimates higher to reflect the improved optics outlook for Marvell and also adding more Microsoft-related ASIC revenue beginning in late 2026 and into 2027.
“As a result of optics attach to GPU ramp, we see slight upward bias to FQ4 (Jan) guidance that may end up as high as $2.2B (Street $2.175B). We roll forward from average CY26/27E EPS of $3.51 to CY27E EPS of $4.43 (vs prior est of $3.85) and applying 25x NTM PE, increasing PT from $105 to $110.”
Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.
While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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