<div id="readability-page-1"><p>Marvell Technology (MRVL) stock soared about 6% on Wednesday, as top Wells Fargo analyst Aaron Rakers increased his price target for MRVL stock to $195 from $135 and reiterated a Buy rating, saying, &#34;Significant AWS Trainium Expansion Ahead.&#34; Also, 5-star rated Oppenheimer analyst Rick Schafer raised his price target for MRVL stock to $200 from $170 while reaffirming a Buy rating ahead of the semiconductor company's Q1 FY27 earnings on May 27. Schafer sees upside to Q1 results and Q2 guidance, driven by demand for AI networking and custom ASICs as cloud service providers (CSPs) continue to expand their data center infrastructure.</p><h3>Claim 55% Off TipRanks</h3>Explore AMZO for 2X short leverage on AMZN <p>MRVL stock has rallied 120% year-to-date, driven by strong demand for its custom AI chips and optical connectivity solutions. Wall Street expects MRVL to report earnings per share (EPS) of $0.79, reflecting 27.4% year-over-year growth. Revenue is estimated to rise by about 27% to $2.40 billion.</p></div>

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<p>Marvell Technology (MRVL) stock surged 6% after Wells Fargo analyst Aaron Rakers raised the price target to $195, citing significant AWS Trainium expansion. Oppenheimer's Rick Schafer also increased his target to $200, both maintaining Buy ratings. MRVL has gained 120% year-to-date, driven by demand for AI chips. EPS is expected at $0.79, with revenue projected to rise 27% to $2.40 billion.</p>

- Marvell Technology (MRVL) shares rose approximately 6% after Wells Fargo's analyst Aaron Rakers raised the target price from $135 to $195, citing significant upcoming AWS Trainium expansion.  
- Oppenheimer's Rick Schafer also increased the target price from $170 to $200, reaffirming a buy rating before Marvell's Q1 fiscal report, anticipating upward performance driven by AI network and custom ASIC demand.  
- Year-to-date, MRVL stock has surged 120% due to strong demand for its custom AI chips and optical connectivity solutions, with Wall Street estimating an EPS of $0.79, reflecting a 27.4% year-over-year increase and a revenue growth of approximately 27%, reaching $2.4 billion.

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Marvell Stock (MRVL) Soars, Top Wells Fargo Analysts Lifts Price Target on 'Significant AWS Trainium Expansion Ahead'