BUZZ-Marvell rises after Melius Research upgrades to 'buy'** Shares of chipmaker Marvell Technology MRVL.O up about 4% at $92.96 premarket
** Melius Research upgrades stock to "buy", raises PT to $135 from $110
** Brokerage says co's custom silicon backlog is growing, with revenue expected to double in CY2027 on demand for Microsoft's MSFT.O MAIA chip
** Also expects CY2026 revenue to rise about 20%, driven by business from Amazon.com AMZN.O
** 30 of 44 brokerages rate stock "buy" or higher, 14 "hold"; median PT of $120 - data compiled by LSEG
** MRVL fell ~23% in 2025
(Reporting by Sanskriti Shekhar in Bengaluru)
((Sanskriti.Shekhar@thomsonreuters.com))
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