Marvell Event May Spark Rally on AI Growth Outlook, Say Analysts
• Analysts at B Riley Securities believe Marvell Technology's (MRVL) upcoming April 11th AI event could catalyze a stock surge to their $95 price target (30% upside)
• They expect Marvell to showcase high-interest Data Center AI and Auto product cycles with rapidly growing addressable markets
• B Riley anticipates investors gaining confidence from clearer visibility into Marvell's underlying growth drivers and path to $9-10B revenue
• Citi recently opened a 30-day catalyst watch on Marvell ahead of the event, citing an attractive 18% valuation discount to AI peers
• Citi expects Marvell to discuss a $40B custom ASIC market by 2027 and showcase AWS and Arm-based AI chip ramps