Susquehanna lowers Marvell's price target to $90 from $110, but keeps positive rating

From Yahoo Finance: 2025-05-28 11:26:00

Marvell Technology, Inc. (MRVL) faces a lowered price target of $90 from $110 by Susquehanna ahead of its quarterly report. Concerns about T2 volume deployment variability and weakened sentiment surrounding XPUs/Inphi led to the rating update.

Marvell postponed its Investor Day to conduct a webinar on custom silicon for AI infrastructure. The company reaffirmed its April quarter revenue midpoint of $1.875 billion, viewed as underwhelming due to modest guidance for April and strong competitor AI results.

Susquehanna maintains a cautious outlook on MRVL despite robust data center demand benefiting Inphi PAM4 DSPs and custom ASIC/AI products. Lower-than-expected ASP for Trainium2 product and modest data center growth lead to a cautious stance on the stock.

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Read more at Yahoo Finance: Susquehanna Cuts Marvell (MRVL) Price Target to $90, Keeps Positive Rating Ahead of Earnings