MRVL

Marvell Technology, Inc.

2026-01-16 03:00 PM

+2.35%

Marvell rises on RBC initiation with Outperform rating and $105 target

RBC Capital Markets initiated coverage of Marvell with an Outperform rating and $105 price target, citing strong positioning in AI and data center markets. Nasdaq and tech news outlets reported the initiation, which implies roughly 28% upside from current levels.

Analysis

Today's gain reverses the recent weakness that followed a Zacks downgrade earlier this week. The RBC initiation provides a bullish counterpoint, with analysts highlighting Marvell's AI chip opportunities and recent $2.5 billion automotive ethernet divestiture to fund AI investments. The move slightly outpaced the semiconductor sector's strong day, suggesting the analyst coverage added incremental lift beyond sector tailwinds.

Sources

RBC Capital Initiates Coverage of Marvell Technology (MRVL) with Outperform Recommendation - Nasdaq
Marvell Technology, Inc. $MRVL Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd
Zacks Research Downgrades Marvell Technology (NASDAQ:MRVL) to Hold
Marvell Technology Sells Automotive Ethernet Business for $2.5 Billion to Boost AI Chip Investments - Intellectia AI
Marvell stock in focus after RBC starts coverage with Outperform, $105 target

Date: 2026-01-16

Price: $82.17

Type: Stock Specific

Confidence: high