Stifel Raises its Price Target on Marvell Technology (MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.

On June 24, 2026, Stifel raised its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $350 from $321 and kept a Buy rating. Stifel said its earlier view that analog players were positioned for a potential breakout in calendar year 2026 “has now been firmly validated,” pointing to Astera Labs (ALAB), Credo Technology (CRDO), and Marvell posting beat-and-raise quarters in calendar Q1. The firm also said episodic weakness in AI-levered names remains “a buying opportunity for long-term investors focused on clear technological innovators.”

On June 23, BofA raised its price target on Marvell to $365 from $240 and kept a Buy rating. BofA updated its semiconductor industry models and price objectives, raising its calendar year 2030 total semiconductor industry addressable market forecast to $2.7T from $2.3T. The firm said the increase was led mostly by growth in memory and data center, with additional support from recovery in auto and industrial markets.

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On June 12, B. Riley analyst Craig Ellis raised the firm’s price target on Marvell to $345 from $240 and kept a Buy rating. Ellis noted that Marvell appointed Dan Durn as CFO effective June 15, reaffirmed its Q2 guidance, and highlighted strategic momentum, including a deeper Nvidia (NVDA) collaboration, upcoming S&P 500 inclusion, and leadership changes. Ellis also noted that shares trade at elevated valuation levels after significant recent outperformance.

Marvell Technology, Inc. (NASDAQ:MRVL) 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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