Several Wall Street analysts commented on Marvell (NASDAQ: MRVL) last week, setting new or reiterating their existing Marvell stock price targets for the next 12 months.
Most notably, B. Riley Securities analyst Craig Ellis increased his MRVL share price forecast from $240 to $345 on June 11, maintaining a ‘Buy’ rating on the semiconductor.
The upgrade came after Marvell announced changes in the CFO position and reaffirmed its second-quarter fiscal 2027 guidance, while Ellis cited the firm’s deepening relationship with Nvidia (NASDAQ: NVDA) as another important catalyst.
Wall Street reacts to Marvell’s CFO changes
On the same day, Rosenblatt Securities analyst Kevin Cassidy reiterated his ‘Buy’ rating and Marvell stock price target of $240. Cassidy described the aforementioned management changes as likely ‘seamless’ given that the new CFO, Dan Durn, has an extensive industry background.
A day later, on June 12, Oppenheimer’s Rick Schafer doubled down on his $250 MRVL price target and ‘Buy’ rating, while Tore Svanberg at Stifel Nicolaus reaffirmed his ‘Buy’ recommendation and $321 price target.
Svanberg first offered the price following a keynote address delivered by Marvell CEO Matt Murphy at COMPUTEX 2026 on June 1, which the analyst note said reaffirmed the firm’s data-infrastructure mission.
Wall Street sets Marvell stock price for the next 12 months
Up nearly 250% year-to-date, Marvell boasts a bullish ‘Strong Buy’ Wall Street rating and an average $252 price forecast for the next 12 months, which, however, implies an 18% downside based on TipRanks statistics.
As for more short term price forecasts, some recent analyses see Marvell rallying more than 10% by the end of June 2026, inspired by consistent performance this year and as well as comments made by the likes of Nvidia CEO Jensen Huang, who suggested Marvell could be the next $1 trillion firm.
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