Marvell Technology, Inc. (NASDAQ: MRVL) is highlighted in the “AI Stocks on the Market’s Radar.” UBS raised its price target to $110 from $105 with a “Buy” rating, citing optimism in Marvell’s optics business and Microsoft-related ASIC wins.

Estimates for Marvell have been adjusted by UBS to reflect an improved optics outlook and increased Microsoft-related ASIC revenue starting in late 2026.

The firm sees potential for Marvell’s Q4 (Jan) guidance to hit $2.2B, with a new CY27E EPS of $4.43. The price target has been raised from $105 to $110 based on a 25x NTM PE.

Marvell Technology, Inc. focuses on semiconductor development for data centers, though some suggest there may be greater upside potential in other AI stocks. For more information on undervalued AI stocks, see the free report on the best short-term AI stock.

For more insights on AI stocks, check out “10 AI Stocks in Focus on Wall Street” and “10 Hot AI Stocks to Keep on Your Radar.” No disclosures have been made.

Read more at Yahoo Finance: UBS Raises Marvell (MRVL) Price Target to $110, Citing Strong Optics and Microsoft ASIC Wins