Stifel Raises its Price Target on Marvell Technology (MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 15 High Growth Stocks to Buy and Hold for the Next Decade.

On May 22, 2026, Stifel raised the firm’s price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $210 from $140 and kept a Buy rating on the shares. Nvidia partnership and hyperscaler capex raises reinforce the data center trajectory, says the analyst, who expects Marvell to deliver a beat when the company reports quarterly results.

Citi also raised the firm’s price target on Marvell to $215 from $118 and keeps a Buy rating on the shares ahead of the earnings report on May 27. The firm believes Trainium 2 ASIC demand remains strong. Citi cites its higher earnings expectations for the target boost.

Earlier, Wells Fargo raised the firm’s price target on Marvell to $195 from $135 and keeps an Overweight rating on the shares. While Marvell’s more than 30 times 2027 price-to-earnings certainly makes for a tougher set-up into Q1 2027 print, the firm sees AWS Trainium deploy, XPU-attach ramp, and continued Interconnect momentum as driving sufficient upside to support a bullish rating.

Marvell Technology, Inc. (NASDAQ:MRVL), together with its subsidiaries, provides data infrastructure semiconductor solutions spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.

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