MRVL has pulled back 32% from its high, but a $2B NVIDIA investment and raised FY2027 outlook support our $264 BUY target.
AVGO commands a $1.78T market cap on 48% revenue growth, while pure-play interconnect peer CRDO explodes at 157% YoY growth.
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Marvell Technology (NASDAQ:MRVL) has been one of the most volatile large-cap AI infrastructure stocks of 2026. Wall Street's tone has shifted noticeably since the company closed its XConn Technologies acquisition on February 10, 2026. Chiplet connectivity has moved from a side story to a central pillar of the AI datacenter thesis, and analysts have reset their price targets accordingly.
Our 24/7 Wall St. price target for Marvell is $264.31, roughly 40.37% above the current price of $188.30. Our recommendation is buy, with a model confidence of 90%.
Marvell is up 121.9% year to date and 166.34% over the trailing year, but shares have cooled hard. They are down 22.58% over the past week and 32.41% over the past month from a 52-week high of $329.80, driven by hyperscaler capex worries and profit-taking after S&P 500 inclusion.
Fundamentals remain strong. Q1 FY2027 revenue landed at $2.418 billion, up 27.6% year over year, with data center at $1.833 billion, or 76% of total sales. CEO Matt Murphy guided Q2 to $2.7 billion at the midpoint, roughly 35% YoY growth, saying Marvell is "significantly raising Marvell's revenue outlook for both fiscal 2027 and fiscal 2028."
The XConn deal, alongside Celestial AI (closed February 2, 2026) and a $2 billion NVIDIA strategic investment announced July 6, 2026, position Marvell inside the NVLink ecosystem.
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Marvell has become the second name in custom silicon behind Broadcom. The ecosystem keeps expanding: KeyBanc raised its target to $385, BofA to $365, Stifel to $350, and UBS to $340 following the Teralynx T100 launch. Seeking Alpha analysts see the custom ASIC business scaling from $1.5 billion to over $4 billion by 2028.
Our bull scenario points to $349.35 over the next 12 months, an 85.53% return. Triggers include another guidance raise, deeper NVLink integration, and Celestial AI photonic fabric hitting production. NVIDIA CEO Jensen Huang has called Marvell "the next trillion-dollar company."
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
