Marvell Just Got a New Street-High Price Target. Wall Street Thinks Networking Is a Huge Growth Opportunity.

As investors continue hunting for the next breakout story in artificial intelligence (AI) infrastructure, attention has started converging on a less flashy but increasingly critical segment of the market, data center networking, where Marvell Technology (MRVL) has emerged as a key name in focus.

KeyBanc sharpened that narrative by raising its price target on Marvell to $385 from $260 on Thursday, June 18. This helped push the stock up 7.27% in intraday trading as the market priced in the upgraded outlook. In fact, the stock made its new 52-week high of $329.88 that day.