Why This Analyst Thinks Marvell Stock Is Headed for $130 After Custom AI Event

Marvell (MRVL) shares increased by approximately 7 % at the time of writing this report after the JPMorgan analyst issued a positive memo in their favor after the company’s investor’s event on Tuesday.

Analyst Harlan Sur reiterated his “weight gain” rating on the semiconductor giant this morning, saying that his shares could climb more to $ 130 over the next 12 months.

Sur’s budget on Marvell shares is important because it has already increased by approximately 60 % against a low range of year to date in early April.

JPMorgan recommends adhering to MRVL shares despite its cosmic operation during the past two months in the first place because it has identified “a convincing and sustainable growth strategy for the AI ​​and ASIC data center networks” at the investor event.

Harlan Sur said to customers in a research note today that Marvell now has decades -victories for 18 generational chip holes, which can help strengthen its share from the AI ​​Asic market to 20 % over the next three years.

It is still positive on semiconductor shares because its administration is invested strongly (more than two billion dollars annually on research and development) to push innovation and maintain its technology before competition.

Investors should also notice that the profile is the reward for risks on Marvell shares, despite its last gathering, remains somewhat convincing. The shares are currently trading at a price of 10.55X only.

In comparison, other leading semiconductor shares like NVIDIA (NVDA) and Broadcom (AVGO) exceed 20 times in writing.

MRVL shares deserve to have current levels as well because the company has made a partnership while enabling semiconductors on integrated energy solutions to its silicone platforms.

This strategic partnership enhances Marvell’s position in the next generation of XPUS, which may eventually improve its attractiveness for Easter.

Note that JPM is not alone in maintaining his ascension to Marvell’s shares after the artificial intelligence event on Tuesday.

The category of consensus on MRVL shares in “Strong Buy” remains with the average goal of about $ 91, indicating a possible increase of 20 % of the current levels.