MRVL is trading 7.2% up today at $189.03 after Evercore ISI raised its price target, citing significant strength in the company's AI-driven data center business.

  • Evercore ISI boosted its price target to $155 from $133 and reiterated an Outperform rating, pointing to accelerating momentum in AI infrastructure.
  • The stock is extending a multi-day rally as sentiment improves across the semiconductor sector following a reaffirmed AI growth narrative.