Stifel Marvell · MRVL

Stifel Raises Marvell Price Target to $210

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$210
from $140 (+50%)
Outcome
Reached
on June 1, 2026

Stifel’s latest target on Marvell is now $370 (Oct 29, 2026); the median of 24 firms is $300. Stifel has reached 83% of its year-old targets (42 scored).

Stifel and Marvell logos

What the analyst said

Stifel analyst Tore Svanberg raised the price target on Marvell Technology (NASDAQ: MRVL) to $210.00 (from $140.00) while maintaining a Buy rating.

“We expect Marvell to deliver a beat relative to our $2.40bn Apr Q revenue estimate (+8.2% q/q), with upside again likely from Data Center (74% of Jan Q revenue), led by optical interconnects and the continued ramp of the company’s lead XPU program.

We believe Marvell could guide Jul Q (F2Q27E) revenue above our current ~$2.59bn estimate (+8% q/ q), supported by accelerating 1.6T optical deployments, AWS Trainium 3 production, and broadening XPU-Attach momentum.

We view optical interconnects, scale-across, and third-party merchant XPU sales beginning to take shape as NT engines of upside, with management now expecting Interconnects to grow +50% y/y in FY27E (up from +30% prior) and DC revenue overall to grow +40% in FY27E (up from +25% prior) and a further +50% in FY28E.

We reiterate Buy and raise our 12-month Target Price to $210 (from $140) based on a 39.2x CY27E P/E multiple.”

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 $154. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $210 target is 30% below the median.

Since the note MRVL has moved −19% (from $191). 12-month window: day 172 of 365, closes on May 22, 2027.

Track record

This call✓ Target reached on June 1, 2026, 10 days after the note.

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.

Stifel targetMRVL share price
  1. June 2, 2026Target raised from $230 (+40%)Buy$321
  2. May 28, 2026Target raised from $210 (+10%)Buy$230
  3. May 22, 2026 This noteTarget raised from $140 (+50%)Buy$210
  4. April 16, 2026Target raised from $120 (+17%)Buy$140
  5. March 16, 2026Kept the $120 targetBuy$120
  6. March 6, 2026Target raised from $114 (+5%)Buy$120
  7. March 3, 2026Kept the $114 targetBuy$114
  8. February 11, 2026Earliest call shownBuy$114
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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%
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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.