SANTA CLARA, California, May 14, 2026, 01:09 (PDT)
- Marvell ended Wednesday’s session up 8.18% at $177.95, then extended gains in after-hours trading.
- Marvell saw fresh price target hikes from BofA, Goldman Sachs, and B. Riley this week. Both BofA and B. Riley bumped their targets north of $200.
- All eyes turn to May 27, with Marvell set to release its first-quarter fiscal 2027 earnings.
Marvell Technology shares jumped Wednesday, after analysts lifted their price targets for the chipmaker. The move highlights growing investor appetite for companies supplying networking hardware to AI data centers.
The shares ended the day at $177.95, climbing 8.18%. StockAnalysis data shows the stock hit a 52-week peak of $182.31 during the session and later changed hands at $182.50 in after-hours trading.
This shift comes with Marvell’s earnings looming—less than two weeks out, on May 27. Wall Street is watching for signs that demand is pivoting from AI chips to the networking hardware hooking them up. Marvell has confirmed it will post fiscal 2027 first-quarter results after the close and follow up with a call at 1:45 p.m. Pacific.
BofA’s Vivek Arya bumped his Marvell target up to $200 from $125, sticking with a Buy. The move comes as the bank’s outlook on AI data-center systems expands. “Total addressable market,” or TAM, refers to the overall potential of a market—Wall Street’s go-to metric for market size. TipRanks
BofA highlighted the expanding role of AI connectivity—the hardware behind data transfers between servers, including chips and optical components. According to the firm, Ethernet transceivers are set to account for the bulk of market gains. These devices handle the signal conversions that let data travel over fiber-optic lines.
Goldman Sachs’ James Schneider took a more cautious stance. He bumped his price target on Marvell up to $125 from $100, but left his Neutral rating unchanged. Schneider pointed to potential catalysts: strength in data-center operations, solid momentum in optical networking, and a possible custom-chip deal with Google.
B. Riley’s Craig Ellis bumped his price target up to $205, raised from $156, while sticking with a Buy. Ellis cited AI investment “accelerating faster than expected,” fueled by both the major hyperscalers and up-and-coming cloud players ramping up spend. TipRanks
Marvell has already set a higher bar for investors. Back in March, the company posted fiscal 2026 revenue of $8.195 billion—a 42% jump over the previous year—and projected first-quarter fiscal 2027 revenue at $2.4 billion, give or take 5%. CEO Matt Murphy described the year as “driven by robust AI demand,” noting that bookings were hitting record levels. SEC
Bulls are looking beyond just competition—Marvell is working alongside Nvidia, too. Back in March, Reuters said Nvidia put $2 billion into Marvell, targeting custom AI chips and networking hardware. Jacob Bourne, an analyst at EMarketer, noted that the move gave Nvidia a route to Marvell’s “semi-custom silicon and advanced optical interconnect capabilities,” keeping Nvidia entrenched even as AI workloads shift away from classic graphics processors. Reuters
So Marvell finds itself up against a packed roster of rivals. Its latest annual report names AMD, Broadcom, and Nvidia as direct competitors, noting that the integrated circuit space is fiercely competitive, rapidly evolving, and constantly pressured by both new product rollouts and pricing fights.
But now, after the surge, there’s less cushion for any negative surprises. Shares are sitting well above the average analyst target from StockAnalysis, sporting a lofty price-earnings ratio close to 58. Marvell has already flagged the risk: big clients could slash orders, move to competitors, or even design chips in-house. For fiscal 2026, a single customer made up 14% of revenue; one distributor handled 37%.
At this point, it’s straightforward: investors are looking for signs that Marvell’s AI-networking growth will hold up through fiscal 2027. The May 27 call is set to reveal if these fresh price targets match reality—or if they’re getting ahead of what the business can deliver.
