Marvell (MRVL) Wins $90 Target as Data Center Momentum Accelerates

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks Analysts are Tracking Closely. On December 3, Goldman Sachs raised the firm’s price target on the stock to $90 from $80 and kept a “Neutral” rating on the shares. The price target raise follows Marvell’s third quarter fiscal year 2026 financial results.

“Marvell delivered record third-quarter revenue of $2.075 billion, exceeding the midpoint of guidance, driven by strong demand for our data center products. We are guiding for robust growth in the fourth quarter and are on track for a strong finish to the fiscal year, with full-year revenue growth forecasted to exceed 40%.”

“Looking ahead, we see demand for our products continuing to accelerate, and as a result, our data center revenue growth forecast for next year is now higher than prior expectations.”

– Matt Murphy, Marvell’s Chairman and CEO, in a statement.

Goldman Sachs has highlighted improved visibility into Marvell’s data center momentum heading into 2026, particularly the custom compute segment. The company projects datacenter revenue to grow 40% year-over-year in CY27, with custom compute revenue projected to double in the same period.

Marvell’s acquisition of Celestial AI was also discussed in the investor note, broadening its product portfolio in the expanding datacenter market.

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.

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