Wells Fargo Raises Marvell Price Target to $365
- Rating
- Buy
- Price target
- $365
- from $310
- Implied upside
- +27%
- vs $287.01 prior close
Wells Fargo analyst Aaron Rakers raised the price target on Marvell (NASDAQ: MRVL) to $365 (from $310) while maintaining an Overweight rating.
“We think MRVL delivered against relatively high expectations w/ CY30 / FY31 EPS guide of >$30 driven by broad interconnect + custom silicon momentum; expanded design wins & material XPU-attach uplift.
Raising ests. & PT to $365 (~26x CY28 P/E).
Key Takeaway: We think the event emphasized MRVL’s impressive connectivity portfolio breadth and growing custom silicon positioning across a diversifying number of customers & programs (notable XPU-attach momentum).
We see MRVL best positioned to benefit from an increasingly heterogeneous interconnect landscape w/ portfolio spanning scale-across/out/up/in (PAM, coherent & coherent-lite pluggables, AECs, switch ASICs, NPO, CPO) across major protocols (Ethernet / ESUN, UALink, & NVLink Fusion).”
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Tracking this call
This callScored on Apr 8, 2027, six months after the note: did MRVL reach $365?
Firm track recordWells Fargo reached 73% of its 41 scored targets within six months (#10 of 31 firms). Accuracy ranking →
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