Analysts set a $307 price target for MRVL after data center revenue surged to 76% of total sales amid AI demand.
Marvell Technology (NASDAQ:MRVL) has surged 226% year-to-date to $276.70, driven by a 27.6% YoY revenue increase to $2.417 billion in Q1 FY2027. Non-GAAP EPS reached $0.80, while data center revenue hit $1.832 billion, now accounting for 76% of total sales.
The company raised its FY27 and FY28 guidance, citing “exceptional AI-related bookings.” Shares have climbed 268.9% over the past year, including a 40.94% gain in the last month alone, following a strong earnings report on May 27, 2026.
Analysts project an 11% upside to $306.71, with a bull case targeting $356.49, supported by custom XPU silicon leadership and a 127% YoY increase in free cash flow. Shares pulled back 4.43% recently but remain a high-confidence buy.