Stifel Raises Marvell Price Target to $321
Stifel analyst Tore Svanberg raised the price target on Marvell Technology (NASDAQ: MRVL) to $321.00 (from $230.00) while maintaining a Buy rating.
“On June 1, Marvell Technology Chairman and CEO Matt Murphy delivered a COMPUTEX 2026 keynote, titled “The Future of AI Scaling Depends on Connectivity.” Key Takeaway: the address was, in our view, a high-production reaffirmation of the data-infrastructure thesis we have underwritten for some time, and it dovetailed cleanly with the financial trajectory management framed on last week’s F1Q27 call.
Given what we view as the market’s increased acceptance of MRVL’s positioning within the DC/AI supercycle, we reiterate our Buy rating with a raised 12-month Target Price of $321 (from $230), representing a 55.0x CY27E P/E multiple.”
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