Raymond James Marvell · MRVL

Raymond James Reiterates Strong Buy Rating on Marvell

1 min read Reproduced verbatim
Rating
Strong Buy
Unchanged
Target
$125
Outcome
Reached
on April 10, 2026
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What the analyst said

Raymond James analyst Simon Leopold reiterated a Strong Buy rating and $125.00 price target on Marvell Technology (NASDAQ: MRVL).

“Strong Buy rated Marvell announced its intent to acquire XConn, a provider of PCIe and CXL switching silicon and UALink tech expertise to complement Marvell’s existing product portfolio for $540M in cash and stock.

We regard the deal favorably, though it does suggest that Marvell’s product portfolio was behind and this was required to catchup.

XConn can expand Marvell’s market and complements its xPU/ASIC offerings.

As a reminder, our thesis was predicated on an underappreciated ASIC business and stickiness of pluggable re-timed optical transceivers, not the PCIe/UALink switch/retimer success.

XConn is an early stage company; we are not adjusting Marvell estimates now.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MRVL trades at $141. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $125 target is 58% below the median, the lowest on the Street.

Since the note MRVL has moved +56% (from $90.23). 12-month window: day 304 of 365, closes on January 6, 2027.

Track record

This call✓ Target reached on April 10, 2026, 3 months after the note.

Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

Raymond James on Marvell

Raymond James price targets on Marvell

5 calls from January 6, 2026 to October 29, 2026. The target went from $125 to $295 (+136%). The rating stayed Buy.

Raymond James targetMRVL share price
  1. October 29, 2026Kept the $295 targetBuy$295
  2. October 6, 2026Target raised from $235 (+26%)Buy$295
  3. August 19, 2026Kept the $235 targetBuy$235
  4. May 28, 2026Target raised from $125 (+88%)Buy$235
  5. January 6, 2026 This noteEarliest call shownBuy$125
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Other analysts on Marvell

StoneXBuy Kept rating and price target Nov 3 $375maintained UBSBuy Kept rating and price target Nov 3 $350maintained Wells FargoBuy Cut price target −22%, kept rating Nov 3 $285from $365 RBC CapitalBuy Cut price target −41%, kept rating Nov 3 $250from $425 NeedhamBuy Cut price target −25%, kept rating Nov 3 $300from $400
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.