StoneX Marvell · MRVL

Benchmark Reiterates Buy on Marvell, $275 Price Target

Analyst: Cody Acree 1 min read Reproduced verbatim Published as The Benchmark Company, now part of StoneX
Rating
Buy
Unchanged
Target
$275
Unchanged
Outcome
Reached
on October 6, 2026
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What the analyst said

Benchmark analyst Cody Acree reiterated a Buy rating and $275 price target on Marvell (NASDAQ: MRVL) on August 28, 2026.

“We reiterate our Buy & $275 PT. Marvell fell about 7.5% after hours to $223, broadly matching the expectation reset we outlined in our preview.

The $2.739B/$0.94 Q2 only modestly exceeded Street and the $3.15B/$1.10 Q3 guide was a comparatively measured raise.

In our opinion, that was insufficient against a stock up roughly 28% in one month and 196% in six months, particularly one day after NVIDIA established a much higher AI earnings-season benchmark.”

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 $171. The 24 analysts who set a target in the last 3 months range from $175 to $433, with a median of $300. This $275 target is 8% below the median.

Since the note MRVL has moved −29% (from $241). 12-month window: day 67 of 365, closes on August 28, 2027.

Track record

This call✓ Target reached on October 6, 2026, 43 days after the note. Same target as this firm’s August 24, 2026 note, so it is scored there.

Firm track recordStoneX: 70% of its 23 targets at least a year old were reached within 12 months (#19 of 26 firms). Accuracy ranking →

Earnings reactionOne of 11 notes after Marvell’s Aug 27 results: 5 raised · 1 cut · 5 kept. See every call →

StoneX on Marvell

StoneX price targets on Marvell

6 calls from February 3, 2026 to October 7, 2026. The target went from $130 to $375 (+188%). The rating moved from Hold to Buy.

StoneX targetMRVL share price
  1. October 7, 2026Target raised from $275 (+36%)Buy$375
  2. August 28, 2026 This noteKept the $275 targetBuy$275
  3. August 24, 2026Kept the $275 targetBuy$275
  4. May 28, 2026Target raised from $130 (+112%)Buy$275
  5. March 6, 2026Upgraded to Buy, set a $130 targetBuy$130
  6. February 3, 2026Earliest call shownHoldNo target
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Other analysts on Marvell

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 Bank of AmericaHold Downgraded, cut price target −44% Nov 3 $225from $400 TD CowenHold Downgraded, cut price target −50% Nov 3 $175from $350
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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.