Why Marvell Stock Popped Today
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Shares of Marvell Technology surged 7.6% after Morgan Stanley analyst Joseph Moore raised the price target to $80. Moore forecasts earnings of $2.28 per share in 2026, valuing the stock at 35 times forward earnings. Despite a 33% decline from January's peak, Marvell is seen as a key player in AI. Fubon Research reports potential revenue boosts from a new Microsoft AI chip, estimating $2.4 billion in 2026 and $12 billion in 2027. However, the stock's high valuation raises questions about its attractiveness as a buy.
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