Even though Marvell Technology, Inc. (NASDAQ: MRVL) stock has corrected nearly 5% over the past five days through September 29, 2026, several Wall Street analysts have reaffirmed their bullish outlook for this company.
Over the past three days, four analysts have signaled further upside for the MRVL share price for the next 12 months. On September 27, Srini Pajjuri, an expert at RBC Capital, reiterated a ‘Buy’ rating for Marvell stock.
Pajjuri maintained the firm’s 12-month price target for MRVL share price at $360, thereby indicating a potential 42.91% upside. On Monday, Timothy Arcuri, an analyst at UBS, issued a ‘Buy’ rating for Marvell and raised the 12-month price target to $335 from $310.
On September 28, C J Muse, a researcher at Cantor Fitzgerald, reiterated a ‘Hold’ rating for MRVL. Muse, however, lifted the firm’s 12-month price target to $330 from $300.
This analyst based his bullish thesis on the substantial long-term artificial intelligence (AI) growth drivers and a unique revenue acceleration trajectory.
On Tuesday, Atif Malik, an expert at Citigroup Inc. (NYSE: C), maintained a ‘Buy’ rating for the MRVL share price. He set the bank’s 12-month price target for Marvell stock at $275, suggesting around a 9% gain.
MRVL share price predictions
Following these bullish ratings for Marvell stock, 28 Wall Street analysts surveyed by TipRanks over the last 3 months have set an average price target of $299.29.
The highest and the lowest MRVL forecasts from these sampled analysts are $400 and $220, respectively.
Is Marvell a good stock to buy?
Over the last 12 months, Marvell’s stock has rallied by over 205%, driven by the AI boom. As such, the company’s market capitalization has soared to $226.4 billion at the time of reporting.
With MRVL’s share price having jumped by more than 135% over the past 6 months, Wall Street analysts expect more upside over the next 12 months.
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