Raymond James Marvell · MRVL

Raymond James Raises Marvell Price Target to $235

1 min read Reproduced verbatim
Rating
Strong Buy
Unchanged
Target
$235
from $105 (+124%)
Outcome
Reached
on June 2, 2026
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What the analyst said

Raymond James analyst Simon Leopold raised the price target on Marvell Technology (NASDAQ: MRVL) to $235.00 (from $105.00) while maintaining a Strong Buy rating.

“Marvell’s F1Q27 (Apr.) results reflected a strong and accelerating business. Shares were indicated flat after the conference call.

Data Center continues to steal the show, with custom compute and optical strength. FY27/FY28 guidance increased; Street numbers will climb higher. Our estimates rise, our price target goes to $235.

We reiterate our Strong 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 $235 target is 22% below the median.

Since the note MRVL has moved −33% (from $199). 12-month window: day 161 of 365, closes on May 28, 2027.

Track record

This call✓ Target reached on June 2, 2026, 5 days after the note.

Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

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

Raymond James on Marvell

Raymond James price targets on Marvell

5 calls from January 6, 2026 to October 29, 2026. The target went from $125 to $295 (+136%). The rating stayed Buy.

Raymond James targetMRVL share price
  1. October 29, 2026Kept the $295 targetBuy$295
  2. October 6, 2026Target raised from $235 (+26%)Buy$295
  3. August 19, 2026Kept the $235 targetBuy$235
  4. May 28, 2026 This noteTarget raised from $125 (+88%)Buy$235
  5. January 6, 2026Earliest call shownBuy$125
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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.