Microsoft and Marvell Technology Partner for Azure Cloud HSM Expansion: Analysts Project 18.51% Upside Potential for MRVL Stock.

Marvell Technology has partnered with Microsoft to supply LiquidSecurity HSMs for Azure Cloud HSM expansion. Analysts project an average upside potential of 18.51% for MRVL stock. Multiple brokerage firms have an "Outperform" rating for MRVL, with a one-year average price target of $90.89 and a GF Value of $95.75, indicating a 24.84% upside.

Marvell Technology, Inc. (NASDAQ:MRVL) has announced a significant partnership with Microsoft to supply its LiquidSecurity hardware security modules (HSMs) for the expansion of Azure Cloud HSM. This collaboration expands on the existing relationship between the two companies, as Marvell’s HSMs already support Microsoft Azure Key Vault and Azure Key Vault Managed HSM services [1].

Azure Cloud HSM is a highly available, single-tenant service that allows customers to manage cryptographic keys and perform cryptographic operations within their own dedicated, cloud-based HSM cluster. The service is FIPS 140-3 Level 3 certified and provides secure access over a private link from customers’ virtual networks. This collaboration addresses customer needs for HSM control without the overhead of managing high availability clusters independently [1].

Marvell’s LiquidSecurity HSMs are PCIe-based devices designed for multi-tenant cloud environments. A single LiquidSecurity card can manage 100,000 pairs of encryption keys and process more than one million operations per second, allowing cloud providers to deliver HSM services while using less power and space than traditional HSMs [1].

Analysts project an average upside potential of 18.51% for MRVL stock, with multiple brokerage firms giving the stock an "Outperform" rating. The one-year average price target is $90.89, with a GF Value of $95.75, indicating a 24.84% upside [2].

This partnership aligns with Marvell’s trajectory of robust growth, as the company has maintained a 16% revenue CAGR over the past five years [1]. The HSM-as-a-service market revenue is expected to grow at 8.5% annually through 2029, aligning with Marvell’s current trajectory [1].

References:
[1] https://www.investing.com/news/company-news/microsoft-selects-marvells-liquidsecurity-hsms-for-azure-cloud-hsm-93CH-4197821
[2] https://finance.yahoo.com/news/marvell-technology-mrvl-stock-gains-071704521.html