Wall Street analysts have set Marvell Technology Inc. (NASDAQ: MRVL) stock price targets ranging from $105 to $140 over the next 12 months, as Artificial Intelligence (AI) data center demand fuels a wave of bullish upgrades.
As of June 2, Rosenblatt Securities has the most bullish outlook on Marvell, setting a $140 price target and assigning a Buy rating. UBS Group AG (NYSE: UBS) follows with a $120 price target on MRVL stock but maintains a Buy rating.
Bank of America Corporation (NYSE: BAC) set a $110 price target after upgrading Marvell stock to Buy from Neutral. Barclays PLC (NYSE: BCS) is the most conservative, maintaining an Equalweight rating and a $105 price target for MRVL.
Meanwhile, William Blair, a Chicago-based private investment bank, reiterated an Outperform rating on MRVL without disclosing a specific price target.
Why are Wall Street analysts bullish on Marvell stock in 2026?
Wall Street analysts are bullish on Marvell stock in 2026 due to surging AI data center demand across interconnects, switching, and custom ASICs. Furthermore, the company’s fourth quarter (Q4) fiscal 2026 results slightly beat estimates, while Q1 fiscal 2027 guidance came in 5% above consensus.
Additionally, Marvell’s management raised its fiscal 2027 revenue estimate from $10 billion to $11 billion, citing improved visibility. The team projected fiscal 2028 revenue to approach $15 billion, well above the $13 billion consensus among analysts.
Notably, the company delivered 45% revenue growth over the last 12 months, with its optical business expected to grow by more than 50% year over year.
MRVL stock performance
MRVL stock has gradually gained bullish momentum year-to-date (YTD), up over 227% to trade at approximately $278.48 at press time.
The bullish momentum for Marvell stock accelerated in June, especially fueled by support from Jensen Huang, CEO of NVIDIA Corporation (NASDAQ: NVDA). During Marvell CEO Matt Murphy’s keynote at Computex in Taipei, Huang said, “This is the next trillion-dollar company.”
As such, the Wall Street price targets for MRVL over the next twelve months remain conservative based on its YTD performance.
