On Wednesday, June 24, Stifel Nicolaus analyst Tore Svanberg reiterated his previous ‘Buy’ rating for Marvell (NASDAQ: MRVL) but decided to raise his 12-month price target for the equity from $321 to $350.
According to the Wall Street expert, the previous thesis regarding the 2026 breakout potential of analog players has been confirmed, while citing companies such as Astera Labs, Credo Technology, and MRVL itself as examples due to their recent beat-and-raise quarters.
Reflecting on Marvell shares’ decline and relative consolidation following the rapid rally at the very start of the month, Svanberg noted that the artificial intelligence (AI) weakness during the month represents a strong buying opportunity for long-term investors seeking to bet on ‘clear technological innovators.’
Wall Street analysts predict Marvell stock price in the next 12 months
Elsewhere, Stifel Nicolaus’ latest revision is consistent with Wall Street’s overall view regarding MRVL stock.
On average, Marvell equity is expected to fall 3.16% to $262,73 in the coming 12 months – circumstantially demonstrating the speed of the latest upsurge – and is generally viewed as a ‘Strong Buy,’ per the data Finbold retrieved from TipRanks on June 24.
Furthermore, the company has been receiving ‘Buy’ recommendations exclusively since the month started, and got its Street High price target on June 17 when KeyBanc’s John Vinh raised his forecast from $260 to $385.
Bank of America analyst Vivek Arya was only slightly less bullish on June 23 when he placed Marvell stock’s second most recent 12-month estimate at $365.
Marvell stock soars 202% in 2026
Elsewhere, MRVL shares have been enjoying an especially strong 2026 as they soared 202.86% from $89.39 on January 2 – the first regular session of the year – to $270.73 at press time on June 24.
During June, Marvell stock rallied 24%, though the bulk of the rally took place during the month’s first week after Nvidia (NASDAQ: NVDA) CEO Jensen Huang opined it would be the world’s next $1 trillion company.
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