Goldman Sachs Reiterates Neutral on Marvell, $195 PT
Goldman Sachs analyst James Schneider reiterated a Neutral rating and $195 price target on Marvell (NASDAQ: MRVL) on August 27, 2026.
“We expect the stock to be range bound following results that were in line with the Street with guidance slightly ahead, given management’s commentary regarding an additional uplift to FY27/28 guidance.
We believe investor expectations were elevated heading into the quarter based on peers’ reports, and robust spending at key customers.
From here, we believe stock performance is likely to hinge on the magnitude of Marvell’s custom compute ramp in 2H and upside to its overall Datacenter business.
On the conference call, we expect investors to focus on: (1) updates to the company’s CY27/28 Datacenter revenue growth targets; (2) incremental details on scope of the Google partnership; (3) shape of the ASIC revenue ramp at Microsoft.”
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