Here's What the Wall Street Thinks About Marvell Technology (MRVL)

​Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Best Stocks to Buy for High Returns in 2026. On January 7, Aaron Rakers from Wells Fargo reiterated a Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) with a $135 price target. Earlier, on January 6, Harlur Sur from J.P. Morgan reiterated a Buy rating on the stock without disclosing any price targets.

​The renewed bullish sentiment around the stock stems from the company’s decision to acquire XConn Technologies, announced on January 6. Management noted that they have entered a definitive agreement to acquire XConn, which specializes in advanced PCIe and CXL switching silicon for roughly $540 million (60% cash, 40% stock).

​This strategic move is anticipated to boost Marvell Technology, Inc.’s (NASDAQ:MRVL) portfolio in high-performance data center connectivity. Management noted that AI systems are scaling massively and require efficient connections between accelerators. They added that traditional setups fall short, standards like the company’s UALink enable multiple accelerators to act as one large system with high bandwidth and low latency. The acquisition will add XConn’s proven PCIe 5/6 and CXL 2.0/3.1 switches, thereby expanding Marvell’s position as a leader in accelerated infrastructure.

​Marvell Technology, Inc. (NASDAQ:MRVL), along with its subsidiaries, supplies data infrastructure semiconductor solutions across the data center core and out to the network edge.

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