Marvell Technology's custom silicon business is rapidly expanding among major hyperscalers, driving strong revenue growth and prompting management to raise future targets. The stock has gained over 193% year-to-date but recently pulled back, trading below its 52-week high. Analysts see a 14.5% upside with a $284.80 price target, supported by robust data center revenue and partnerships like the one with Google's parent company. Risks include customer concentration and margin pressure, but Marvell's growth outlook remains positive with expected revenue doubling in custom silicon by fiscal 2028.
Marvell Technology trades at USD 184.66 on Pluang as of Nov 02, 2026 21:51 WIB, down 5.98% in the last day and well below its 52-week high of USD 316.43. The stock's market cap stands at $176.51 billion with a trading volume of over 43 million shares. This pricing context highlights the recent pullback mentioned in the article despite the company's strong growth prospects in custom silicon and data center revenue.
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