Stifel Raises its Price Target on Marvell Technology (MRVL)
Key takeaways
- Stifel Raises its Price Target on Marvell Technology (MRVL) Jeff Lewis Sun, June 28, 2026 at 2:32 AM GMT+7 2 min read MRVL ALAB CRDO Marvell Technology, Inc.
- On June 24, 2026, Stifel raised its price target on Marvell Technology, Inc.
- On June 23, BofA raised its price target on Marvell to $365 from $240 and kept a Buy rating.
Stifel Raises its Price Target on Marvell Technology (MRVL) Jeff Lewis Sun, June 28, 2026 at 2:32 AM GMT+7 2 min read MRVL ALAB CRDO Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.
On June 24, 2026, Stifel raised its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $350 from $321 and kept a Buy rating. Stifel said its earlier view that analog players were positioned for a potential breakout in calendar year 2026 "has now been firmly validated," pointing to Astera Labs (ALAB), Credo Technology (CRDO), and Marvell posting beat-and-raise quarters in calendar Q1. The firm also said episodic weakness in AI-levered names remains "a buying opportunity for long-term investors focused on clear technological innovators."
On June 23, BofA raised its price target on Marvell to $365 from $240 and kept a Buy rating. BofA updated its semiconductor industry models and price objectives, raising its calendar year 2030 total semiconductor industry addressable market forecast to $2.7T from $2.3T. The firm said the increase was led mostly by growth in memory and data center, with additional support from recovery in auto and industrial markets.