Citi Marvell · MRVL

Citi Raises Marvell Price Target to $118

Analyst: Atif Malik 1 min read Reproduced verbatim
Rating
Buy
Target
$118
from $113 (+4%)
Outcome
Reached
on April 9, 2026
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What the analyst said

Citi analyst Atif Malik raised the price target on Marvell Technology (NASDAQ: MRVL) to $118.00 (from $113.00) while maintaining a Buy rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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 $118 target is 61% below the median, the lowest on the Street.

Since the note MRVL has moved +76% (from $75.68). 12-month window: day 244 of 365, closes on March 6, 2027.

Track record

This call✓ Target reached on April 9, 2026, 34 days after the note.

Firm track recordCiti: 88% of its 40 targets at least a year old were reached within 12 months (#4 of 26 firms). Accuracy ranking →

Earnings reactionOne of 16 notes after Marvell’s Mar 5 results: 10 raised · 0 cut · 5 kept. See every call →

Citi on Marvell

Citi price targets on Marvell

5 calls from March 6, 2026 to October 7, 2026. The target went from $118 to $275 (+133%). The rating stayed Buy.

Citi targetMRVL share price
  1. October 7, 2026Kept the $275 targetBuy$275
  2. September 29, 2026Target raised from $225 (+22%)Buy$275
  3. May 28, 2026Target raised from $215 (+5%)Buy$225
  4. May 20, 2026Target raised from $118 (+82%)Buy$215
  5. March 6, 2026 This noteEarliest call shownBuy$118
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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.