Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.
On June 24, 2026, Stifel raised its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $350 from $321 and kept a Buy rating. Stifel said its earlier view that ******* og players were positioned for a potential breakout in calendar year 2026 "has now been firmly validated," pointing to Astera Labs (ALAB), Credo Technology (CRDO), and Marvell posting beat-and-raise quarters in calendar Q1. The firm also said episodic weakness in AI-levered names remains "a buying opportunity for long-term investors focused on clear technological innovators."
On June 23, BofA raised its price target on Marvell to $365 from $240 and kept a Buy rating. BofA updated its semiconductor industry models and price objectives, raising its calendar year 2030 total semiconductor industry addressable market forecast to $2.7T from $2.3T. The firm said the increase was led mostly by growth in memory and data center, with additional support from recovery in auto and industrial markets.
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On June 12, B. Riley ******* yst Craig Ellis raised the firm's price target on Marvell to $345 from $240 and kept a Buy rating. Ellis noted that Marvell appointed Dan Durn as CFO effective June 15, reaffirmed its Q2 guidance, and highlighted strategic momentum, including a deeper Nvidia (NVDA) collaboration, upcoming S&P 500 inclusion, and leadership changes. Ellis also noted that shares trade at elevated valuation levels after significant recent outperformance.
On June 24, 2026, Stifel raised its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $350 from $321 and kept a Buy rating. Stifel said its earlier view that ******* og players were positioned for a potential breakout in calendar year 2026 "has now been firmly validated," pointing to Astera Labs (ALAB), Credo Technology (CRDO), and Marvell posting beat-and-raise quarters in calendar Q1. The firm also said episodic weakness in AI-levered names remains "a buying opportunity for long-term investors focused on clear technological innovators."
On June 23, BofA raised its price target on Marvell to $365 from $240 and kept a Buy rating. BofA updated its semiconductor industry models and price objectives, raising its calendar year 2030 total semiconductor industry addressable market forecast to $2.7T from $2.3T. The firm said the increase was led mostly by growth in memory and data center, with additional support from recovery in auto and industrial markets.
Pixabay/Public domain
On June 12, B. Riley ******* yst Craig Ellis raised the firm's price target on Marvell to $345 from $240 and kept a Buy rating. Ellis noted that Marvell appointed Dan Durn as CFO effective June 15, reaffirmed its Q2 guidance, and highlighted strategic momentum, including a deeper Nvidia (NVDA) collaboration, upcoming S&P 500 inclusion, and leadership changes. Ellis also noted that shares trade at elevated valuation levels after significant recent outperformance.
2 months ago
