01:05 AM EDT, 05/30/2025 (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 keep our 12-month target at $77, on a near peers P/E of 21x our CY 26 EPS view, given our view of growth prospects tied to AI infrastructure (still below AI peers). We adjust our FY 26 (Jan.) EPS estimate to $2.80 from $2.76 and FY 27 to $3.59 from $3.72. Although MRVL largely reported Apr-Q results and provided guidance that were in line with expectations, we think the bigger story was providing greater clarity on its forthcoming custom silicon customer ramps that some may have perceived being at risk amid recent chatter across the investment community. Most important, we are encouraged by the high management conviction that was offered around its AWS business, with a follow-on generation chip ramp seen in CY 26 at 3-nm at likely higher volume (as a reminder, MRVL and Amazon signed a five-year deal last year). We also expect MRVL to highlight its expanding opportunities amid a growing total addressable market and potential new customer additions/product ramps at its custom silicon AI event on June 17.