Stifel Marvell · MRVL

Stifel Raises Marvell Price Target to $230

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$230
from $210 (+10%)
Outcome
Reached
on June 2, 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 $230.00 (from $210.00) while maintaining a Buy rating.

“Slight Apr Q beat with revenue of $2.42bn (+9.0% q/q) coming in +0.7% vs. our $2.40bn estimate, driven by strong demand across the Data Center segment (+11% q/q), while Communications & Other grew +3% q/q.

Raised Jul Q outlook, with $2.70bn revenue midpoint (+11.7% q/q) +4.2% vs. our prior $2.59bn estimate, with Data Center growth expected to continue leading the way and now expected to grow +50% in FY27E.

Marvell’s DC business continues to fire on all cylinders, supporting raised guides for FY27/28E and visibility into FY29E.

The Custom business is setting up for a FY28E inflection, while Marvell has built a full suite of Interconnect products driving a raised +70% guide for the segment in FY27E.

We reiterate our Buy rating and raise our 12-month Target Price to $230 (from $210), representing a 39.4x 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 $155. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $230 target is 23% below the median.

Since the note MRVL has moved −22% (from $199). 12-month window: day 165 of 365, closes on May 28, 2027.

Track record

This call✓ Target reached on June 2, 2026, 5 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 →

Earnings reactionOne of 19 notes after Marvell’s May 27 results: 17 raised · 0 cut · 1 kept. See every call →

Stifel on Marvell

Stifel price targets on Marvell

8 calls from March 3, 2026 to August 18, 2026. The target went from $114 to $350 (+207%). The rating stayed Buy.

Stifel targetMRVL share price
  1. August 18, 2026Target raised from $321 (+9%)Buy$350
  2. June 2, 2026Target raised from $230 (+40%)Buy$321
  3. May 28, 2026 This noteTarget raised from $210 (+10%)Buy$230
  4. May 22, 2026Target raised from $140 (+50%)Buy$210
  5. April 16, 2026Target raised from $120 (+17%)Buy$140
  6. March 16, 2026Kept the $120 targetBuy$120
  7. March 6, 2026Target raised from $114 (+5%)Buy$120
  8. March 3, 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.