Stifel maintains Buy rating on Marvell Technology, $370 price target

Stifel maintains Buy rating on Marvell Technology, $370 price target

Stifel maintained their Buy rating on Marvell Technology's stock with a price target of $370.00.

The price target implies an upside of 28.9% from the Oct 6 close of $287.01.

Key takeaways from the analyst note

Strong Revenue Growth Potential: Marvell Technology has set ambitious revenue targets of $70-90 billion by FY31, with a projected midpoint of $80 billion, representing a tenfold increase from FY26 levels. This growth is supported by a diverse product portfolio and a robust total addressable market (TAM) estimated at $400 billion, positioning the company well for future expansion.

Strategic Focus on AI Infrastructure: The company is leveraging its capabilities to capitalize on the growing demand for AI and data center services, with AI-related revenue expected to exceed initial targets of $1.5 billion by FY25. Marvell's partnerships and innovations in optical connectivity and custom ASIC products further enhance its competitive edge in this rapidly expanding market.

Explore more price target data and ratings for Marvell Technology on the Forecasts tab.