What the analyst said
Stifel analyst Tore Svanberg reiterated a Buy rating and $114.00 price target on Marvell Technology (NASDAQ: MRVL).
“We anticipate slight upside to our $2.20bn Jan Q revenue estimate, with upside likely to come from Data Center revenue (73% of Oct Q rev), and more specifically optical interconnects.
We believe Marvell could provide Apr Q revenue guidance in line or slightly above our current $2.29bn revenue estimate (+4.0% q/q growth), driven by momentum across multiple program ramps in Data Center, and bolstered by recent hyperscaler CapEx commentary.
We view optical interconnect momentum as the primary engine for F4Q26 upside, driven by the ongoing 800G/1.6T upgrade cycles and Marvell’s strength in the DSP market.
We also see continued traction for Marvell’s XPU-attach products, supported by a robust funnel of 15+ design wins, while the XPU segment is poised for a Jan Q rebound as key hyperscaler ASIC programs scale.”
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Where the price stands
MRVL trades at $155. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $114 target is 62% below the median, the lowest on the Street.
Since the note MRVL has moved +91% (from $80.86). 12-month window: day 251 of 365, closes on March 3, 2027.
Track record
This call✓ Target reached on April 8, 2026, 2 months after the note. Same target as this firm’s February 11, 2026 note, so it is scored there.
Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →
Stifel on Marvell
Stifel price targets on Marvell
8 calls from February 11, 2026 to June 2, 2026. The target went from $114 to $321 (+182%). The rating stayed Buy.
- June 2, 2026Target raised from $230 (+40%)Buy$321
- May 28, 2026Target raised from $210 (+10%)Buy$230
- May 22, 2026Target raised from $140 (+50%)Buy$210
- April 16, 2026Target raised from $120 (+17%)Buy$140
- March 16, 2026Kept the $120 targetBuy$120
- March 6, 2026Target raised from $114 (+5%)Buy$120
- March 3, 2026 This noteKept the $114 targetBuy$114
- February 11, 2026Earliest call shownBuy$114
Other analysts on Marvell
StoneXBuy
Kept rating and price targetReiterated · Nov 3
$375maintained
UBSBuy
Kept rating and price targetReiterated · Nov 3
$350maintained
Wells FargoBuy
Cut price target −22%, kept ratingCut target · Nov 3
$285from $365−22%
RBC CapitalBuy
Cut price target −41%, kept ratingCut target · Nov 3
$250from $425−41%
NeedhamBuy
Cut price target −25%, kept ratingCut target · Nov 3
$300from $400−25%