As Marvell Technology, Inc. (NASDAQ: MRVL) stock rallied nearly 40% over the past two weeks, James Schneider, an analyst at Goldman Sachs Group Inc. (NYSE: GS), has raised his 12-month price target.
Schneider maintained a ‘Neutral’ rating for Marvell stock, according to a note sent to clients on August 13. He raised the bank’s 12-month price target for MRVL to $195 from $180, which represents an 8.33% uplift.
With Marvell Technology stock trading at $227.58 on Thursday, Schneider suggests a potential 14.32% decline. This expert issued a cautiously positive rating for Marvell due to growing optics demand.
“Goldman remains Neutral but expects datacenter strength and growing optics and custom XPU demand,” Schneider noted
The firm highlighted that it expects investors to focus on potential upside in Marvell’s datacenter business driven by higher hyperscaler CapEx. Moreover, Schneider said that investors will be keen on strong demand in optical networking, sustained momentum at existing ASIC customers, and the ramp of a new custom silicon customer.
The analyst added that these expectations are elevated following constructive AI infrastructure data-points. As such, Goldman Sachs believes that the company is well poised to benefit from rising optics demand and custom XPU deployment.
Ultimately, the bank expects Marvell to raise its calendar year 2026/2027 revenue outlook, due to the ongoing datacenter strength.
Marvell stock forecast and outlook
Following Schneider’s Neutral rating for MRVL stock, 29 analysts surveyed by TipRanks have set an average 12-month target of $271.33. Essentially, Wall Street analysts believe that Marvell stock has already entered its bear market after a parabolic rally fueled by the AI boom.
So far in 2026, MRVL stock has spiked by more than 154%, thereby reaching a market capitalization of approximately $194.8 billion at the time of publication. Consequently, Wall Street analysts have signaled a potential multi-month consolidation for Marvell’s stock price.
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