Stifel Marvell · MRVL

Stifel Keeps Buy on Marvell, $370 Price Target

October 13, 2026 Analyst: Tore Svanberg 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$370
Unchanged
Upside
+38%
MRVL at $269 today
Stifel and Marvell logos

What the analyst said

Stifel analyst Tore Svanberg reiterated a Buy rating and $370 price target on Marvell (NASDAQ: MRVL).

“Microsoft announced its next-gen Maia 300 XPUs are slated for a production launch in CY27.

We believe Maia 300 is the new Tier 1 XPU program Marvell expects to ramp in its FY28E, which management has called one of its largest revenue opportunities.Maia Entering GW-Scale Deployments in CY27: Microsoft announced plans to scale its Azure Maia XPU family to multi-gigawatt (GW) deployments beginning in CY27, stating it intends to make Maia the primary inference system for Microsoft products and services.

We view the Maia 300 announcement and plans for Maia to become Microsoft’s default inference compute infrastructure as positive for Marvell’s Custom business and the announcements increase our confidence in our Custom estimates through FY31E.

We reiterate our Buy rating and $370 TP on MRVL.”

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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 $269. The 23 analysts who set a target in the last 3 months range from $195 to $433, with a median of $360. This $370 target is 3% above the median.

12-month window: day 0 of 365, closes on October 13, 2027.

Track record

This callOpen: MRVL has not reached $370 yet. This 12-month target is scored on October 7, 2027. Same target as this firm’s October 7, 2026 note, so it is scored there.

Firm track recordStifel: 96% of its 24 targets at least a year old were reached within 12 months (#3 of 20 firms). Accuracy ranking →

Stifel on Marvell

Stifel price targets on Marvell

8 calls from May 28, 2026 to October 13, 2026. The target went from $230 to $370 (+61%). The rating stayed Buy.

Stifel targetMRVL share price
  1. October 13, 2026 This noteKept the $370 targetBuy$370
  2. October 9, 2026Kept the $370 targetBuy$370
  3. October 7, 2026Target raised from $350 (+6%)Buy$370
  4. September 23, 2026Kept the $350 targetBuy$350
  5. August 28, 2026Kept the $350 targetBuy$350
  6. August 18, 2026Target raised from $321 (+9%)Buy$350
  7. June 2, 2026Target raised from $230 (+40%)Buy$321
  8. May 28, 2026Earliest call shownBuy$230
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Other analysts on Marvell

UBSBuy Raised price target +4%, kept rating · Oct 7 $350from $335 BMO CapitalHold Raised price target +30%, kept rating · Oct 7 $325from $250 Wolfe ResearchBuy Raised price target +34%, kept rating · Oct 7 $375from $280 RBC CapitalBuy Raised price target +18%, kept rating · Oct 7 $425from $360 B RileyBuy Raised price target +16%, kept rating · Oct 7 $365from $315
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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.