Key Points
Marvell Technology is scheduled to report Q2 2027 financial results on Thursday.
Two firms upwardly revised their price targets today.
Bouncing back from the 3.3% slide it experienced from the end of trading on Friday through the close of yesterday's market session, Marvell Technology (NASDAQ: MRVL) stock is rising today. With two firms boosting their price targets, investors are clearly motivated to load up on shares of the artificial intelligence (AI) infrastructure company.
As of 11:54 a.m. ET, shares of Marvell are up 5.7%.
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Two price target raises for Tuesday
Maintaining a buy rating, Sajal Dogra, an analyst at Rosenblatt, hiked the price target on Marvell to $300 from $240. According to Thefly.com, Rosenblatt believes the company will report "another beat-and-raise" quarter when it announces second-quarter 2027 financial results on Thursday.
The second price target hike comes from Susquehanna, which raised its target to $265 from $230 while maintaining a positive rating on the stock. Thefly.com reported that Susquehanna also expects Marvell to upwardly revise its fiscal 2027 target for Inphi, believing Inphi's momentum will be sustained by continued growth in AI networking.
Based on Marvell's closing price of $229.29 yesterday, the Rosenblatt and Susquehanna price targets imply upside of 31% and 16%, respectively.
Don't forget to focus on the financials
For those who have Marvell stock on their radars, it's critical to remember that the foundation of a sound investment thesis is the company's financial health -- not analysts' price targets. Therefore, reviewing the company's Q2 2027 financial results is essential. Look for the company to achieve its forecast, reporting revenue of about $2.7 billion and diluted earnings per share of $0.32 to $0.42. Of course, this is only one step in performing the necessary due diligence before buying this AI stock -- though it's an important one.
Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Marvell Technology. The Motley Fool has a disclosure policy.