Analysts raise MRVL price target 40% to $264.31 on strong Q1 revenue and AI datacenter growth.
Marvell Technology’s shares have been reset to a $264.31 price target, reflecting a 40.37% upside from the current $188.30. The revision follows a 27.6% year-over-year revenue jump to $2.418 billion in Q1 FY2027, with data center sales accounting for $1.833 billion, or 76% of total revenue.
Shares surged 121.9% year-to-date but pulled back 32.41% from a 52-week high of $329.80 amid hyperscaler capex concerns and profit-taking after S&P 500 inclusion. The XConn Technologies acquisition, closed February 10, 2026, has shifted chiplet connectivity to a core AI datacenter focus, driving analyst revisions.
Despite recent volatility, fundamentals remain strong, with AI infrastructure demand supporting long-term growth. The new target implies confidence in Marvell’s positioning within the sector.