By Vandita Jadeja
Publication Date: 2026-10-02 15:00:00
Marvell Technology has already surged over 200% this year, yet analysts keep piling on buy ratings and management is forecasting explosive custom chip growth through 2028. Whether that momentum can survive rising margin pressure and hyperscaler threats is the question…
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Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) is one of the clearest AI infrastructure plays outside Nvidia (NASDAQ:NVDA). Our 24/7 Wall St. price target for Marvell is $285.34 over the next 12 months. That is 8.38% above the current price of $263.27.
| Metric | Value |
|---|---|
| Current Price | $263.27 |
| 24/7 Wall St. Price Target | $285.34 |
| Upside/Downside | 8.38% |
| Recommendation | BUY |
| Confidence Level | 90% |
The model rates Marvell a buy with strong conviction. The stock is up 206.42% year to date. Management expects fiscal 2027 revenue of about $12 billion, up from approximately $11.5 billion, and projects data center revenue growing more than 60% in fiscal 2028.
Marvell’s Triple-Digit Rally Faces a Late-September Test
Shares moved -0.89% over the past week and gained 20.04% over the past month. Marvell trades about 12% below its 52-week high of $329.8, far above its low of $70.64. AI stocks, Marvell among them, pulled back on September 28.
In the second-quarter earnings report, revenue of $2.739 billion rose 36.55% and exceeded the $2.707B consensus….
