Marvell Technology Shares Rise Following Analyst Upgrade
Marvell Technology (NASDAQ: MRVL) saw its stock price increase by nearly 5% on Thursday, driven by positive remarks from Barclays analyst Tom O’Malley. The analyst forecasts that Marvell’s optical-networking sales will surge by up to 90% in 2026 and 2027, which he attributes to the growing demand for high-speed data transmission in advanced AI infrastructure.
O’Malley projects a 25% rise in Marvell’s share price to $150. Recently, the company acquired Celestial AI for $3.25 billion and formed a strategic partnership with Nvidia, which includes a $2 billion investment to expand Marvell’s capabilities in AI computing technology.
