• UBS raised its price target for Marvell to $340 from $230 and maintained a Buy rating, citing the expanding CXL technology opportunity.
  • Cantor Fitzgerald also increased its price target to $300 from $220 while maintaining a Neutral rating.
  • The company is poised to capitalize on the burgeoning Compute Express Link (CXL) market and is a key design partner for Amazon's Trainium AI chips.