Marvell Technology has seen its consensus analyst price target tick upward from $89.67 to $90.07, signaling a modest increase in market optimism. This change reflects growing confidence in the company’s prospects, particularly around the momentum in AI and networking segments. However, some analysts maintain a more cautious outlook due to evolving industry dynamics. Stay tuned to learn how you can track ongoing shifts in analyst perspectives and keep current with Marvell’s evolving narrative.
🐂 Bullish Takeaways
Oppenheimer raised its price target on Marvell to $115 from $95 and is keeping an Outperform rating. After investor meetings with Marvell’s leadership, the firm noted strong management confidence in the continuity of custom AI ASIC projects and expected over 10% growth in all business segments for 2026, driven by cloud and AI infrastructure demand. Oppenheimer also highlighted Marvell’s Teralynx low latency technology as a potential win in the scale-up switching opportunity.
Roth Capital lifted its price target to $105 from $80 while maintaining a Buy rating. The analyst cited Marvell’s showcased portfolio for scaling AI infrastructure at industry events and sees its custom ASIC and connectivity businesses tracking well to growth forecasts.
Stifel raised its price target to $95 from $80 and maintains a Buy rating, following discussions and management meetings at sector events. The decision reflects updated outlooks from recent management interactions and higher multiples across the sector.
Wells Fargo reiterated an Overweight rating and a $95 price target, stating that competitive concerns surrounding the optics portfolio are overblown. The firm remains confident in Marvell’s ability to capture its target share of the custom XPU market by 2028.
Analysts generally acknowledge Marvell’s strong execution in driving AI and connectivity growth, transparent communication from management, and a broadening product portfolio. Some note positive share buyback activity and increasing sales visibility as supportive factors for valuation.
🐻 Bearish Takeaways
Morgan Stanley lowered its price target to $76 from $80 while maintaining an Equal Weight rating. Although the quarter and guidance were in line when accounting for the sale of the auto ethernet business, the analyst highlighted ongoing disappointment in the data center segment and the unexpected decline in ASIC full year outlook, raising concerns about near-term segment lumpiness.
JPMorgan reduced its price target to $120 from $130 but remains Overweight, citing softer data center demand despite offsetting consumer strength. The analyst expects recovery driven by cyclical businesses and AI growth but acknowledges current market headwinds.
Needham trimmed its target to $80 from $85 with a Buy rating, noting in-line Q2 results but guidance for Q3 revenue fell short due to declining custom silicon sales. Uncertainty remains regarding Marvell’s positioning on next-generation XPUs with key cloud customers.
KGI Securities downgraded Marvell to Neutral from Outperform, setting a $75 price target and signaling more caution about near-term upside.
Valuation remains a recurring reservation for some analysts, with several expressing concerns that near-term risks and growth expectations might already be priced into the stock.
Story Continues
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
NasdaqGS:MRVL Community Fair Values as at Nov 2025
The U.S. government is stepping up pressure on Taiwan to boost its semiconductor manufacturing presence in America. The aim is to enable the production of half of all chips needed in the U.S. domestically as part of a broader effort to strengthen the supply chain and address ongoing geopolitical risks.
U.S. policymakers are weighing new rules that would require chipmakers to manufacture as many chips in the U.S. as their customers import. If these new domestic production goals are not met, tariffs could be imposed, according to recent discussions.
In response to recent U.S. measures targeting Chinese semiconductor firms, China’s Ministry of Commerce has launched anti-discrimination and anti-dumping investigations into American chip trade policy. This has intensified the ongoing trade tensions between the two countries.
Marvell’s stock rating was recently downgraded from Outperform to Neutral by KGI Securities. The firm also set a new price target of $75, reflecting growing caution among analysts regarding near-term growth prospects.
Consensus Analyst Price Target has risen slightly from $89.67 to $90.07. This reflects modest increased optimism in Marvell Technology’s outlook.
Discount Rate increased marginally from 10.31% to 10.36%. This indicates a slightly higher perceived risk or cost of capital in new analyses.
Revenue Growth projections remain virtually unchanged at 19.44%.
Net Profit Margin is steady, staying at approximately 24.65%.
Future P/E Ratio has risen slightly from 33.75x to 33.95x. This suggests a subtle shift in valuation expectations by analysts.
Narratives are a smarter, more dynamic way to invest. They connect a company’s story to hard numbers by linking your perspective on its future (revenue, profits, margins) to a real fair value estimate. On Simply Wall St, Narratives let you track how Marvell’s story unfolds, updating automatically as news and results come in. Used by millions, these Community Narratives help you decide when to buy or sell by comparing Fair Value to Price.
Interested in the real story behind Marvell Technology’s numbers? See the original Narrative here and stay ahead on:
Marvell’s expanding custom silicon wins and how they are capturing AI and cloud infrastructure growth.
The company’s strategic shift, investing in high-margin, high-growth segments after recent divestitures.
Risks and volatility from relying on big data center customers and rapid innovation in a highly competitive market.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include MRVL.
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