Goldman Sachs Raises Marvell Price Target to $195

Goldman Sachs analyst James Schneider raised the price target on Marvell (NASDAQ: MRVL) to $195 (from $180) while maintaining a Neutral rating.

“We expect investors to focus on potential upside in Marvell’s datacenter business driven by higher hyperscaler CapEx, strong optical networking demand, sustained momentum at existing ASIC customers, and the ramp of a new custom silicon customer.

Expectations are elevated following constructive AI infrastructure datapoints intra-quarter, and we believe Marvell remains well positioned to benefit from growing optics demand and custom XPU deployments.

As a result, we expect management to raise its CY26/27 revenue outlook, led by ongoing datacenter strength.”

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