By George Glover
Marvell Technology stock's stellar run won't let up anytime soon thanks to the data-center boom and partnerships with Big Tech hyperscalers, according to Oppenheimer analyst Rick Schafer.
Schafer raised his price target for the chips and networking company's shares to $170 from $150 late Tuesday, while maintaining his Outperform rating. The new target implies the stock can jump 27% from its closing price Tuesday. The shares have jumped 22% over the past five trading days.
Schafer said Marvell was well-positioned with its full suite of copper and optical cables. The analyst raised his 2027 earnings per share estimate to $3.92 from $3.84, above the Wall Street consensus of $3.84, according to a FactSet poll.
Write to George Glover at george.glover@dowjones.com
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April 15, 2026 06:16 ET (10:16 GMT)
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