Marvell (MRVL) stock rises as RBC starts coverage, cites AWS Trainium and data-center demand
New York, January 15, 2026, 14:20 EST — Regular session Shares of Marvell Technology climbed about 1% to $82.04 on Thursday after RBC Capital Markets kicked off coverage with an Outperform rating and a $105 price target. The boost comes as RBC highlights strong demand linked to data centers and custom chips for major cloud clients. Analyst Srini Pajjuri described management’s fiscal 2028 revenue forecast—below $1 billion—as “conservative.” (Investing.com) The call comes at a sensitive time for the stock. Investors are wrestling with how lasting Marvell’s largest data-center deals really are, and if the company can iron out the uneven