09:00 AM EDT, 05/28/2026 (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 raise our target to $230 from $170, on a P/E of 38x our CY 27 EPS, above historical but within peers given growth prospects. After better-than-expected Apr-Q results, we lift our FY 27 (Jan.) EPS to $4.01 from $3.76 and FY 28 EPS to $6.03 from $5.23. On an annual basis, MRVL boosts sales view, now projecting FY 27 to grow 40% to nearly $11.5B (up from ~$10.9B prior) and FY 28 to reach $16.5B (up from ~$15B), implying 45% growth. We think the upward revisions are being fueled by stronger-than-expected AI infrastructure bookings, with interconnect business growth expectations for FY 27 raised to over 70% Y/Y (from 50% previously) and custom silicon seen more than doubling in FY 28. MRVL now expects to reach $3B in quarterly revenue by the Oct-Q, one quarter ahead of prior outlook. We see MRVL benefiting from higher customer capex spend, content growth on the networking side, more diversified custom silicon exposure (Microsoft ramp along with other wins), and upside from key partnerships (e.g. NVIDIA).