Marvell Stock Price Targets Get a Boost as Top Analysts Reset Estimates Ahead of Earnings
Marvell Technology (MRVL) closed the May 22 trading session at $196.33, capping a blistering 131% year-to-date rally that has left the broader market in the dust. Over the same stretch, the SPDR S&P 500 ETF (SPY) has gained roughly 9%.
The company’s outperformance is firmly rooted in its deep involvement in the AI-driven semiconductor boom, a tailwind that shows no signs of easing as the industry races to build out next-generation data center infrastructure.
With Marvell’s Q1 fiscal 2027 earnings slated for release on May 27, Wall Street is recalibrating expectations. In recent days, analysts from Citi, Stifel, Bank of America and Goldman Sachs have all updated their price targets, signaling confidence that the company’s AI momentum will persist.
Citi’s Atif Malik, ranked No. 3 out of more than 12,000 analysts on TipRanks with an 81% success rate and an average return of 48%, raised his earnings estimates on the back of sustained demand for Amazon’s Trainium 2 AI accelerators. He noted that the extended partnership between Amazon and Anthropic further bolsters the case for Marvell. Malik reiterated his Buy rating and lifted his price target to $215 from $118—implying roughly 9.5% upside from the last closing price.
Stifel’s Tore Svanberg also weighed in, saying he expects Marvell to beat his Q1 revenue estimate of $2.4 billion and to guide Q2 revenue above his current $2.59 billion forecast. Svanberg, ranked 27th on TipRanks with a 67% success rate, kept his Buy rating and raised his target to $210 from $140.
Earlier this month, Bank of America’s Vivek Arya and Goldman Sachs’ James Schneider published revised outlooks. Arya’s team increased fiscal 2028 and 2029 revenue estimates by 1% and 8%, respectively, to $15.17 billion and $20.02 billion, while boosting non-GAAP EPS estimates by 3% and 15% to $5.60 and $7.80. Arya reaffirmed his Buy rating and lifted his target to $200 from $125, based on a 30x multiple on his 2028 pro forma EPS estimate (including stock-based compensation).
Goldman’s Schneider, meanwhile, sees Marvell raising its fiscal 2027 and 2028 revenue growth guidance as AI data center sales strengthen. His team bumped revenue estimates to $11.12 billion and $15.35 billion for those years, and EPS estimates to $3.27 and $5.0. Schneider maintained a neutral rating but increased his target to $125 from $100, using a 28x P/E multiple on his normalized EPS estimate of $4.50.
According to TipRanks, the vast majority of analysts rate Marvell a Buy, with Schneider among just four of 27 analysts calling it a Hold. No one is recommending selling.
Beyond the analyst consensus, the market can take a cue from Marvell’s own competitors. Nvidia (NVDA) invested $2 billion in Marvell and entered a partnership aimed at strengthening its networking stack, while AMD’s filings revealed a $6.5 million investment. Both companies compete directly with Marvell in the AI accelerator space through custom ASIC chips, yet their financial backing signals a belief that Marvell will emerge as the leader in silicon photonics—a critical technology for the next wave of data centers.
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This story was originally published by TheStreet on May 25, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.