Marvell (MRVL)'s CEP is Very Humble, Says Jim Cramer

We recently published 8 Stocks on Jim Cramer’s Radar.  Marvell Technology Inc. (NASDAQ:MRVL) is one of the stocks on Jim Cramer's radar.

Marvell Technology Inc. (NASDAQ:MRVL) is a semiconductor company that sells products such as network adapters and signal processing chips. On December 16th, Cantor Fitzgerald cut the firm’s share price target to $100 from $110 and kept a Neutral rating on the shares. It pointed out that semiconductor stocks were set to take the broader market higher in 2026. The next day, Moody’s bumped up Marvell Technology Inc. (NASDAQ:MRVL)’s senior unsecured rating to Baa3 from Baa2. Moody’s outlined that the chip company’s improved profitability should aid the firm’s credit profile. More recently, Citigroup added a Positive Catalyst watch on Marvell Technology Inc. (NASDAQ:MRVL) and set a $114 share price target. The financial firm pointed out that acceleration in the AI market in 2026 would help the chip company. Another firm that is optimistic about Marvell Technology Inc. (NASDAQ:MRVL) is banking giant JPMorgan. On December 8th, the firm reiterated a $130 share price target and an Overweight rating on the shares. JPMorgan pointed out that the firm stands to benefit from Microsoft and Amazon’s application-specific integrated circuits (ASICs). Cramer discussed Marvell Technology Inc. (NASDAQ:MRVL)’s CEO:

“There’s a catalyst call today on Marvell. Matt Murphy’s very humble. He came on the air and he defended himself against a bunch of things that were untrue.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.