Marvell Technology (NASDAQ:MRVL) Price Target Raised to $245.00

Key Points

• TD Cowen raised Marvell’s price target to $245 from $225 but maintained a “hold” rating, implying about 10% upside; analysts overall have a “Moderate Buy” consensus and an average target of $266.65.
• Marvell beat quarterly estimates with $0.94 in earnings per share and $2.74 billion in revenue, while revenue grew 36.5% year over year, supported by strong data-center demand.
• Shares fell $19.05 to $222.40 as investors viewed the outlook as insufficient relative to the stock’s elevated valuation and remained concerned that the Google AI-chip opportunity may not contribute materially until fiscal 2029.

Marvell Technology (NASDAQ:MRVL - Get Free Report) had its target price boosted by analysts at TD Cowen from $225.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "hold" rating on the semiconductor company's stock. TD Cowen's price objective points to a potential upside of 10.16% from the company's previous close.

A number of other equities research analysts have also recently commented on the company. Wells Fargo & Company raised their price target on Marvell Technology from $240.00 to $310.00 and gave the company an "overweight" rating in a report on Monday. Evercore reiterated an "outperform" rating and set a $155.00 target price on shares of Marvell Technology in a research report on Tuesday, May 19th. HC Wainwright reissued a "buy" rating on shares of Marvell Technology in a research note on Tuesday. Melius Research set a $220.00 price target on Marvell Technology in a report on Monday, May 18th. Finally, BMO Capital Markets initiated coverage on Marvell Technology in a research note on Thursday, August 20th. They issued an "outperform" rating and a $250.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $266.65.

Marvell Technology Stock Performance

Marvell Technology stock traded down $19.05 during midday trading on Friday, hitting $222.40. The stock had a trading volume of 21,474,039 shares, compared to its average volume of 28,897,846. The firm's fifty day moving average is $229.10 and its two-hundred day moving average is $176.28. The company has a market capitalization of $194.56 billion, a PE ratio of 76.16, a P/E/G ratio of 1.53 and a beta of 2.24. Marvell Technology has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company's revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, research analysts forecast that Marvell Technology will post 3.07 EPS for the current year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chief operating officer owned 227,941 shares in the company, valued at $41,143,350.50. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the sale, the chief executive officer directly owned 783,186 shares in the company, valued at $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 41,981 shares of company stock valued at $9,753,132. 0.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LP lifted its position in Marvell Technology by 794.1% during the second quarter. Corient Private Wealth LP now owns 530,186 shares of the semiconductor company's stock valued at $157,937,000 after purchasing an additional 470,891 shares during the last quarter. Tobias Financial Advisors Inc. bought a new stake in shares of Marvell Technology in the 2nd quarter worth about $253,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Marvell Technology in the 2nd quarter worth about $14,360,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at about $703,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Marvell Technology by 29,523.4% in the 2nd quarter. California State Teachers Retirement System now owns 385,108,617 shares of the semiconductor company's stock valued at $114,720,006,000 after acquiring an additional 383,808,601 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Strong Q2 performance: Marvell reported adjusted earnings of $0.94 per share and revenue of $2.74 billion, narrowly exceeding estimates of $0.93 and $2.72 billion, respectively. Revenue increased approximately 37% year over year, while data-center revenue rose 46% to $2.17 billion. Marvell tops Q2 estimates as data center revenue jumps 46%
• Positive Sentiment: AI growth outlook improved: Management raised its fiscal 2027 revenue outlook to approximately $12 billion and expects about $18 billion in fiscal 2028 revenue. AI-related bookings remain exceptionally robust, with growth spanning custom silicon, switching and optical interconnect products. Marvell Q2 earnings call highlights faster AI data center growth
• Positive Sentiment: Analysts remain constructive: Oppenheimer raised its price target to $325 with an outperform rating, while Needham increased its target to $300 and maintained a buy rating. Oppenheimer raises Marvell price target
• Neutral Sentiment: High expectations are limiting the reaction: MRVL has surged more than 180% in 2026 and trades at elevated earnings multiples. Consequently, investors expected a substantially larger forecast increase and clearer evidence of near-term monetization from its AI partnerships. Marvell stock is expensive, but the growth story is hard to ignore
• Negative Sentiment: Google revenue timing disappointed investors: Marvell’s expanded AI-chip opportunity with Alphabet’s Google is not expected to contribute materially until fiscal 2029. That delayed payoff overshadowed the earnings beat and raised fiscal 2027 and 2028 targets. Marvell shares slide as concerns over timing of Google AI deal revenue eclipse strong results
• Negative Sentiment: Forecast upside was viewed as insufficient: Although fiscal third-quarter EPS guidance of $1.05–$1.15 exceeded consensus, investors considered the broader outlook too modest relative to MRVL’s premium valuation, contributing to selling across AI infrastructure stocks. Marvell shares tumble as outlook underwhelms despite revenue growth

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source