Several Wall Street analysts commented on Marvell (NASDAQ: MRVL) last week, setting new or reiterating their existing Marvell stock price targets for the next 12 months.
Marvell Technology stock price remains in a strong bull run this year and is now hovering near its all-time high. MRVL jumped to $308 on Monday, up by 233% this year and 350% in the last 12 months, making it one of the top gainers in Wall Street.
Marvell is positioned for multi-year high revenue growth as hyperscalers expand custom chip programs and rely on MRVL's networking and advanced packaging IP. Custom chip revenue already contributes about $1.6B in TTM revenues. This is expected to grow to over $10B over the next 3 years. With ~45% YoY revenue growth and operating expenses growing in the mid-teens YoY range, there is a case for margin expansion. I expect almost 400bps over the next 2 years.
Marvell (MRVL +0.21%) shares are pulling back after soaring for most of 2026.
MRVL and SNDK are emerging as AI growth plays alongside MU, driven by strong demand, rising revenues and expanding AI infrastructure roles.
Shares of Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) are up 8% today, trading at around $273 in midday action on Thursday, June 11.
Management now expects revenue to reach $11.5 billion in FY2027 and approximately $16.5 billion in FY2028. Interconnect revenue growth forecasts increased from roughly 50% to over 70%, driven by 800G, 1.6T and optical networking. Custom silicon revenue is projected to exceed $10 billion by FY2029, supported by multiple XPU and CXL programs.
Marvell Technology is evolving into a pivotal AI infrastructure player, with recent earnings, guidance, and strategic moves reinforcing its value proposition. MRVL's leadership in next-gen networking and custom silicon positions it to benefit from the shift of AI bottlenecks from compute to data transfer. The Polariton Technologies acquisition and deepening ties to Nvidia validate MRVL's strategy and could create a durable moat in AI data connectivity.
Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) at $289 is a Hold.
Shares of Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) are down 8% to $201 in Tuesday morning trading, while Marvell Technology (NASDAQ:MRVL) shares are off 10% to $260.
Marvell Technology's MRVL data center business is gaining strong traction as AI spending from large cloud customers continues to rise. With AI server deployments increasing, demand for faster networking, lower latency and higher bandwidth is expanding across MRVL's interconnect portfolio.
Horizon Gold Ltd (ASX:HRN, OTC:HZGLF, FRA:HO0) has returned a string of high-grade gold intercepts from reverse circulation (RC) drilling across multiple...