Marvell Technology (MRVL) is up 230.85% year to date after its Investor Day set a large long-term revenue target and TD Cowen upgraded the stock. Fiscal second-quarter revenue rose 36.5% to $2.739 billion, above the $2.707 billion consensus, with non-GAAP EPS of $0.94. Management raised its fiscal 2027 revenue forecast to roughly $12 billion. The bull case reaches $355.14 on custom silicon growth, while the bear case sees $232.04 due to reliance on a few hyperscalers, China trade restrictions and $4.963 billion in long-term debt. The article's price target is $304.24, a buy rating, versus $280.75 in premarket trading.
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