Stifel raises MRVL price target 39% to $321, citing accelerating AI-driven connectivity needs in data centers.
Stifel increased its 12-month price target for Marvell Technology (NASDAQ:MRVL) to $321 from $230, maintaining a Buy rating. The adjustment follows a keynote by CEO Matt Murphy, which reinforced Marvell’s role in AI-driven data center connectivity solutions.
The new target reflects a 55.0x CY27E P/E multiple, up from the prior valuation. Analysts highlighted alignment between the keynote and Marvell’s financial outlook, emphasizing the company’s positioning in the AI supercycle.
Marvell specializes in semiconductors for data centers, where demand for advanced connectivity is rising as AI workloads expand.