Stifel Marvell · MRVL

Stifel Affirms Buy on Marvell, $370 Price Target

Analyst: Tore Svanberg 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$370
Unchanged
Upside
+47%
MRVL at $252 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)

“• Marvell Reportedly in Advanced Talks to Acquire Lumentum: After the close on October 28, Bloomberg reported Marvell is in advanced talks to acquire Lumentum.

Terms are not final, and we believe closing would take some time, requiring U.S. and Chinese regulatory approvals.

• Six Key Drivers of the Deal: (1) developing system-level products; (2) extreme codesign across AI fabrics; (3) positioning for scale-up integrated optics (NPO/CPO); (4) building a scaled U.S. transceiver supplier amid potential Chinese module restrictions; (5) securing laser supply; and (6) OM-accretion with a likely path to GM parity (or better) alongside an expanded TAM.

• Initially GM Dilutive, but OM Accretive with a Path Back: Potential deal to be initially GM dilutive, but within Marvell’s 56% to 59% LT range; immediately NG OM accretive.

Over time, we think system-level products could lift GM back to Marvell’s corporate average while the deal expands its TAM and SAM.”

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 $252. 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 29, 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: 94% of its 33 targets at least a year old were reached within 12 months (#2 of 21 firms). Accuracy ranking →

Stifel on Marvell

Stifel price targets on Marvell

8 calls from June 2, 2026 to October 29, 2026. The target went from $321 to $370 (+15%). The rating stayed Buy.

Stifel targetMRVL share price
  1. October 29, 2026 This noteKept the $370 targetBuy$370
  2. October 13, 2026Kept the $370 targetBuy$370
  3. October 9, 2026Kept the $370 targetBuy$370
  4. October 7, 2026Target raised from $350 (+6%)Buy$370
  5. September 23, 2026Kept the $350 targetBuy$350
  6. August 28, 2026Kept the $350 targetBuy$350
  7. August 18, 2026Target raised from $321 (+9%)Buy$350
  8. June 2, 2026Earliest call shownBuy$321
Share

Other analysts on Marvell

Raymond JamesBuy Kept rating and price target Oct 29 $295maintained 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
Share on
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.