Marvell Technology announced at its Investor Day a bold revenue target of $70-90 billion by fiscal year 2031, representing an 11-fold increase from fiscal year 2026. This growth is expected to be driven primarily by accelerating demand for AI data centers, with 90% of the projected $20 billion revenue in fiscal 2028 coming from this sector. Despite a high price-to-earnings ratio, Marvell's strong growth trajectory and upgraded guidance support further valuation expansion. Management emphasized aggressive AI growth strategies, including mergers and acquisitions and expanding their product portfolio, reinforcing a strong buy recommendation for investors.
Marvell Technology trades at USD 278.39 on Pluang as of Oct 08, 2026 19:11 WIB, down 2.21% in the last day. The stock holds a market cap of $255.84 billion and shows strong investor interest with 64% of order activity on Pluang as buys. This trading activity complements the company’s ambitious AI-driven growth plans highlighted in the news.
Marvell Technology's Q2 revenue jumped 37% year-over-year, driven by a 46% increase in data center sales. Following this, the company raised its FY2027–FY2028 sales guidance significantly, with a new FY2028 sales target of $20 billion and FY2029 EPS ...
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...
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...
