Why Marvell Technology Stock Is Moving On Up
Key Points
Three Wall Street analysts raised price targets for Marvell stock today.
Revenue growth could hit 34% this year -- and growth is accelerating.
- 10 stocks we like better than Marvell Technology ›
For the second day in a row, Marvell Technology (NASDAQ: MRVL) stock is moving higher -- and this time, you've got Wall Street to thank for it.
Tic-tac-toe, three-in-a-row, Wall Street analysts at Citigroup, Oppenheimer, and Wells Fargo lined up to raise price targets on Marvell stock -- to $215, $200, and $195, respectively.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
Why Wall Street loves Marvell stock
Why are Wall Street banks raising price targets on Marvell stock? Let me count the ways.
Citi's mainly playing catch-up here, raising its price targets on semiconductor stocks long after they've already skyrocketed. Yesterday, Citi nearly doubled its price target on Micron (NASDAQ: MU). Today, it's Marvell's turn, at the PT rises from $118 to $215 (also nearly a double).
As for the others, both Oppy and Wells cite Trainium chip sales to Anthropic, Amazon.com (NASDAQ: AMZN), and others as a major catalyst for Marvell. Oppenheimer forecasts $2 billion in custom chip sales (including Trainium) this year, with sales to Microsoft (NASDAQ: MSFT) ramping toward the end of the year. Wells points out that Marvell already has $225 billion in Trainium backlog and predicts Trainium sales could reach $6 billion in 2027 and 2028 -- with the potential to double if prices move higher.
Oppenheimer forecasts total revenue exceeding $11 billion in 2026 and $15 billion in 2027.
What it means for Marvell stock
Valued in excess of 57 times trailing earnings (and nearly 46 times forward earnings), Marvell is not a cheap stock -- not at first glance. Even just $11 billion in 2026 sales would mean 34% revenue growth, however, accelerating to 36% growth in 2027 if Marvell hits 2027 -- and Oppenheimer thinks these are conservative numbers.
Assuming profits growth can keep pace, Marvell stock may not yet be too expensive to buy.
Should you buy stock in Marvell Technology right now?
Before you buy stock in Marvell Technology, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Marvell Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $481,750!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,352,457!*
Now, it’s worth noting Stock Advisor’s total average return is 990% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 20, 2026.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Marvell Technology, Micron Technology, and Microsoft. The Motley Fool has a disclosure policy.
Recommended Articles
