From Financial Modeling Prep: 2024-11-29 10:50:00

Rosenblatt analysts reiterated a Buy rating and $120 price target for Marvell Technology (MRVL) ahead of its fiscal Q3 2025 earnings report on December 3. Projections suggest Marvell will surpass revenue and EPS estimates for the October quarter, with strong growth expected in AI, data center ASICs, networking, and electro-optics.

Analysts forecast Marvell to report revenues of $1.45 billion and EPS of $0.40 for the October quarter, slightly below consensus estimates. For the January quarter, revenue projections stand at $1.60 billion, with an EPS forecast of $0.51. Key drivers include AI momentum and a rebound in enterprise networking, storage, and carrier infrastructure segments.

Marvell’s revised AI sales targets for fiscal 2025 and 2026, at $1.5 billion and $2.5 billion respectively, indicate potential for exceeding expectations. The company’s expanding custom ASIC design win pipeline across multiple generations is driving market share growth within the AI total addressable market (TAM). Analysts are optimistic about Marvell’s future performance.



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