UBS reiterated its Buy rating on Marvell Technology and raised its price target to $335 from $310. The bank cited growing confidence in Marvell’s custom silicon business, particularly the ramp-up of Microsoft’s Maia AI accelerator project. It also pointed to rising custom-chip investments from other cloud giants, including Google.
UBS significantly raised its revenue and earnings-per-share forecasts for 2027 and 2028. Analysts cited strong growth in Marvell’s optical and networking product lines, which are benefiting from AI infrastructure build-outs.
UBS said Marvell’s October 6 investor day could provide further catalysts and details on the company’s long-term growth.