Marvell Technology, Inc. (NASDAQ:MRVL) had its price target raised to $90 from $80 by Goldman Sachs on December 3, with a “Neutral” rating maintained. The third-quarter revenue hit a record $2.075 billion, driven by data center product demand. CEO Matt Murphy expects over 40% revenue growth for the fiscal year.

Goldman Sachs sees strong data center momentum for Marvell in 2026, expecting 40% year-over-year growth in data center revenue and a doubling of custom compute revenue. The acquisition of Celestial AI expands Marvell’s product portfolio in the data center market.

Marvell Technology, Inc. specializes in semiconductor development for data centers. Despite its potential as an investment, other AI stocks may offer greater upside with less risk. A report highlights an undervalued AI stock that could benefit from current economic trends.

Overall, Marvell Technology, Inc. is experiencing growth and expansion in the data center market, with positive projections for the future.

Read more at Yahoo Finance: Marvell (MRVL) Wins $90 Target as Data Center Momentum Accelerates