07:45 AM EST, 12/03/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our target to $120 from $90, on a P/E of 25.7x our CY 27, EPS near peers but below historical. After MRVL posted encouraging Oct-Q results, we raise FY 26 EPS to $2.84 from $2.80, FY 27 to $3.53 from $3.51, and FY 28 to $4.66 from $4.33. We are impressed by MRVL's improving visibility and pipeline, with management citing revenue reaching $10B in FY 27 (implying ~20% Y/Y growth), supported by 25%+ growth in Data Center, which is expected to accelerate to 40% in FY 28 (no expected revenue air pockets). We believe MRVL's positioning is strengthening, with 18 XPU design wins and additional wins representing 10%+ of the $75B lifetime revenue opportunity funnel. MRVL has secured purchase orders covering the full FY 27 forecast for a major customer's next-generation 3nm XPU program. We expect meaningful revenue contributions from the Celestial AI deal beginning in H2 CY 27, reaching $500M annualized by end-CY 27, while custom silicon design wins provide line of sight to revenue exceeding $2B by end-FY 28.