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Marvell's AI Revenue Projected to Double by 2028 with New Tech Deal: Analysts Boost Price Forecasts
ByAinvest
Wednesday, Dec 3, 2025 2:34 pm ET1min read
Marvell Technology Inc. shares surged after the company reported strong Q3 earnings, with analysts raising their price forecasts. Rosenblatt's Kevin Cassidy predicted AI revenue could double by 2028 due to a new tech deal, while Benchmark's Cody Acree urged investors to buy before a growth inflection. JPMorgan's Harlan Sur emphasized Marvell's strong data center outlook and confirmed design wins, with custom silicon revenue potentially doubling in 2028.
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