Stifel Raises Marvell (MRVL) Price Target on AI Data Center Opportunity

Marvell’s infrastructure communicative is gaining caller enactment connected Wall Street. On June 2, Stifel expert Tore Svanberg raised the terms people connected Marvell (NASDAQ: MRVL) to $321.00 (from $230.00) portion maintaining a Buy rating.

Stifel analysts described Marvell Technology Chairman and CEO Matt Murphy’s COMPUTEX 2026 keynote arsenic a reaffirmation of its long-held thesis connected Marvell. The keynote, titled “The Future of AI Scaling Depends connected Connectivity,” reaffirms Marvell’s concern thesis peculiarly arsenic AI request continues to accelerate the request for precocious connectivity solutions crossed information centers.

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Analysts noted however the keynote aligns with the fiscal trajectory absorption outlined during its F1Q27 net call. As connectivity becomes progressively captious for scaling AI workloads, Marvell seems to beryllium well-positioned wrong the information halfway and AI supercycle.

Given what we presumption arsenic the market’s accrued acceptance of MRVL’s positioning wrong the DC/AI supercycle, we reiterate our Buy standing with a raised 12-month Target Price of $321 (from $230), representing a 55.0x CY27E P/E multiple.

Marvell Technology, Inc. (NASDAQ:MRVL) develops and manufactures semiconductors, with a dense absorption connected information centers.

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