Bank of America raised its price target for Marvell Technology Inc to $400 from $365 following the company's optimistic 2030 sales outlook of $70 billion to $90 billion, with a midpoint of $80 billion. This implies a compound annual growth rate above 60% from 2026, significantly higher than the consensus estimate of $43 billion. Marvell also increased its 2027 revenue target by 10% to $20 billion. Bank of America expects pro forma earnings per share to exceed $32 by 2030, up from a consensus of $18, and raised earnings forecasts for 2028 and 2029 by 15% and 26%, respectively. The company sees a total addressable market of $400 billion by 2030, four times its previous estimate, with strong potential in custom chips, interconnect, switching, storage, and communications sectors. Risks include competition and operational constraints.
Marvell Technology Inc trades at USD 281.71 on Pluang as of Oct 08, 2026 01:21 WIB, down 1.85% for the day. The stock's market cap stands at $257.94 billion, with a 52-week high of $316.43 and low of $73.73. Pluang users show a buying interest with 64% buy orders against 36% sell orders. This trading activity occurs amid the company's raised sales and earnings outlook through 2030.
After Marvell's October 6, 2026 Investor Day, multiple Wall Street firms upgraded their price targets, with some raising them to $400. Analysts highlight Marvell's strong AI connectivity business and project over $30 in EPS by fiscal 2031, driven by ...
Marvell Technology's stock has surged 216% this year, driven by strong AI data center growth, but reaching $1,000 per share by 2030 requires significant earnings expansion. Currently trading at about 47 times forward earnings, the stock faces valuati...
Marvell Technology's stock surged 231% year-to-date but still has about 42% upside to Wall Street's raised price targets following its October 2026 Investor Day. Several firms, including BofA, Needham, and Piper Sandler, raised their price targets to...
Marvell Technology's stock has surged over 200% in the past year due to booming AI data center demand. A $5,000 investment today could be worth about $6,763 by 2031, reflecting a 35.27% total return with an annualized gain of 6.23%. Key growth driver...
Credo Technology, a company providing critical connectivity components for AI infrastructure, is experiencing rapid revenue growth of over 114% year-over-year, outperforming expectations with $479 million in quarterly revenue. Despite a recent stock ...
