Piper Sandler Marvell · MRVL

Piper Sandler Reiterates Overweight on Marvell, $400 Price Target

Analyst: David O'Connor 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$400
Unchanged
Upside
+83%
MRVL at $218 today
Piper Sandler and Marvell logos

What the analyst said

Piper Sandler analyst David O’Connor reiterated an Overweight rating and $400 price target on Marvell (NASDAQ: MRVL).

“Bloomberg reported post the close that MRVL is in advanced discussions to potentially buy laser supplier Lumentum, with a deal announcement potentially next week.

MRVL is down -9% and LITE up +11% post the close. Strategically we think it would make sense for MRVL.

Optical networking is getting significantly more important in AI, to speed up data transfers and reduce power consumption.

And within optics high powered lasers from LITE are a key enabling technology on the AI chip roadmap. If true and the transaction goes ahead this would be a huge deal for MRVL.

LITE has an EV of just over $80B (pre premium), with MRVL requiring significant equity/debt package to fund the deal.”

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 $218. The 23 analysts who set a target in the last 3 months range from $195 to $433, with a median of $360. This $400 target is 11% above the median.

12-month window: day 0 of 365, closes on October 29, 2027.

Track record

This callOpen: MRVL has not reached $400 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 recordPiper Sandler: 86% of its 29 targets at least a year old were reached within 12 months (#11 of 21 firms). Accuracy ranking →

Piper Sandler on Marvell

Piper Sandler price targets on Marvell

3 calls from September 10, 2026 to October 29, 2026. The target went from $270 to $400 (+48%). The rating stayed Buy.

Piper Sandler targetMRVL share price
  1. October 29, 2026 This noteKept the $400 targetBuy$400
  2. October 7, 2026Target raised from $270 (+48%)Buy$400
  3. September 10, 2026Earliest call shownBuy$270
Share

Other analysts on Marvell

Raymond JamesBuy Kept rating and price target Oct 29 $295maintained StifelBuy Kept rating and price target Oct 29 $370maintained StifelBuy Kept rating and price target Oct 13 $370maintained StifelBuy Kept rating and price target Oct 9 $370maintained UBSBuy Raised price target +4%, kept rating Oct 7 $350from $335
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.