Evercore Marvell · MRVL

Evercore ISI Reiterates Outperform Rating on Marvell

Analyst: Mark Lipacis 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$133
Unchanged
Outcome
Reached
on April 14, 2026
Evercore and Marvell logos

What the analyst said

Evercore ISI analyst Mark Lipacis reiterated an Outperform rating and $133.00 price target on Marvell Technology (NASDAQ: MRVL).

“JanQ Slight Beat.

JanQ-26 Revs of $2.219bn (+7% QQ/+22% YY) beat consensus by 54bps. GM of 59% was 30bps better than consensus and OpM of 35.7% was in-line.

Non-GAAP EPS of $0.80 was $0.01 (1%) above consensus. Datacenter revs and Comms/Other revs were both 51bps better than Street. AprQ Healthy Raise.

AprQ-26 Revs guidance of $2.4bn at midpoint implies 8% QQ / +27% YY growth and is 5% above consensus and 3% above our higher than Street est.

Non-GAAP GM of 58.75% at midpoint is 20bps below consensus and OpEx of $575m is 327bps higher vs consensus and OpM of 34.8% is 30bps above consensus. Non-GAAP EPS of $0.79 $0.05 (6%) above consensus.”

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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 $134. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $133 target is 56% below the median, the lowest on the Street.

Since the note MRVL has moved +71% (from $78.09). 12-month window: day 245 of 365, closes on March 5, 2027.

Track record

This call✓ Target reached on April 14, 2026, 41 days after the note. Same target as this firm’s March 4, 2026 note, so it is scored there.

Firm track recordEvercore: 88% of its 16 targets at least a year old were reached within 12 months (#3 of 26 firms). Accuracy ranking →

Evercore on Marvell

Evercore price targets on Marvell

5 calls from March 4, 2026 to October 6, 2026. The target went from $133 to $433 (+226%). The rating stayed Buy.

Evercore targetMRVL share price
  1. October 6, 2026Target raised from $155 (+179%)Buy$433
  2. May 19, 2026Kept the $155 targetBuy$155
  3. March 6, 2026Target raised from $133 (+17%)Buy$155
  4. March 5, 2026 This noteKept the $133 targetBuy$133
  5. March 4, 2026Earliest call shownBuy$133
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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.