Goldman Sachs Raises Marvell Price Target to $180
Goldman Sachs analyst James Schneider raised the price target on Marvell Technology (NASDAQ: MRVL) to $180.00 (from $125.00) while maintaining a Neutral rating.
“We expect the stock to trade modestly higher following guidance that was ahead of the Street, in light of management’s increased 2026/27 guidance and commentary on its custom silicon revenue opportunity of $10bn in 2028.
We believe investor expectations were elevated heading into the quarter based on peers’ reports, and robust spending at key customers.
Overall, we view Marvell’s results as an incremental positive for the stock given increased visibility into medium-term fundamentals.
We are Neutral on the stock given lower visibility into the expansion of Marvell’s custom silicon customer base relative to peers, but could be more constructive if we gain incremental confidence in the company’s custom compute revenue ramp in CY27 and beyond.”
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