24/7 Wall St. analysts have initiated coverage on Marvell Technology (NASDAQ:MRVL) with a "Buy" rating and a price target of $281.53, implying a 24.9% upside from its current closing price of $225.41. The bullish outlook is primarily driven by expectations that Marvell's custom silicon revenue will more than double in fiscal 2028, supported by accelerating AI infrastructure spending. The firm also highlights a bull-case scenario of $353.55, representing approximately 57% upside. Marvell's shares have surged 165.63% year-to-date and 242.26% over the past year.