Evercore Marvell · MRVL

Evercore ISI Raises Marvell Price Target to $155 (March 6)

Analyst: Mark Lipacis 1 min read Reproduced verbatim
Rating
Outperform
Target
$155
from $133 (+17%)
Outcome
Reached
on April 22, 2026
Evercore and Marvell logos

What the analyst said

Evercore ISI analyst Mark Lipacis raised the price target on Marvell Technology (NASDAQ: MRVL) to $155.00 (from $133.00) while maintaining an Outperform rating.

“We reiterate our Outperform rating, and increase our PT to $155 (from $133) after MRVL printed a beat & healthy raise consistent with our preview and channel checks(here, here and here).

Mgmt increased its FY2027 outlook for Data Center revs to 40% (from >25%), accelerating to 50% YY in FY2028 and grow at similar levels in FY2029 to $18.8bn levels laid out at its Jun-25 Custom AI event.

We view this outlook as yet another proof point of our thesis that 1) parabolic demand for AI tokens should sustain as agentic AI means demand for compute is no longer limited by human-to-human interactions, but rather by potentially limitless AI agents interacting with one another, and 2) accelerating growth in AI CapEx is justified and funded by AI-driven efficiencies gained from $60Trn in Global OpEx – a zero-sum spending game.

Our PT reflects 22x our 2028 EPS estimate of $7.79 discounted back 1 year.”

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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 $141. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $155 target is 48% below the median, the lowest on the Street.

Since the note MRVL has moved +87% (from $75.68). 12-month window: day 245 of 365, closes on March 6, 2027.

Track record

This call✓ Target reached on April 22, 2026, 2 months after the note.

Firm track recordEvercore: 88% of its 16 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 →

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, 2026 This noteTarget raised from $133 (+17%)Buy$155
  4. March 5, 2026Kept 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.