Marvell股價能否突破300美元？Marvell股價預測與分析師目標

Marvell Technology just hit an all-time high—and Wall Street analysts are still playing catch-up.

After reporting record revenue and raising its full-year outlook on May 27, 2026, MRVL has become one of the most aggressively repriced AI infrastructure plays in the semiconductor sector.

This article compiles the actual analyst price targets from major firms—including specific amounts from named institutions—so you can build an independent view of Marvell's stock price prediction based on sufficient information.

Key Takeaways

• As of June 2026, MRVL closed at an all-time high of $219.43, driven by a record Q1 FY2027 revenue of $2.418 billion—up 28% year-over-year—according to Marvell's official earnings release.
• As of late May 2026, the Wall Street consensus 12-month average price target stands at approximately $208.64, based on 38 analysts tracked by MarketBeat, including 32 buy ratings and 6 hold ratings.
• Analyst price targets range from $180 (Goldman Sachs) to $300 (HSBC)—a $120 gap reflecting valuation disagreement, not differing views on Marvell's AI infrastructure growth trajectory.
• Management has guided for approximately 50% data center revenue growth in FY2027 and approximately 55% growth in FY2028, with the total revenue target for FY2028 raised to $16.5 billion.
• Bank of America's updated earnings model predicts Marvell's non-GAAP EPS for FY2029 to be approximately $10.02—roughly three times current non-GAAP trailing earnings.
• Risk factors include a trailing GAAP P/E of approximately 66x, a beta of approximately 2.25, and high concentration of custom chip revenue among a few hyperscale customers.

What is Marvell Technology? The AI Chip Bet Reshaping the Semiconductor Landscape

Marvell Technology, Inc. (Nasdaq: MRVL) is a data infrastructure semiconductor company headquartered in Santa Clara, California.

Its product portfolio encompasses custom AI chips (Application-Specific Integrated Circuits, or ASICs), optical interconnects, Ethernet solutions, and scale-out switches—precisely the chips and systems that power the hyperscale operations of modern AI data centers.

The company operates through two primary revenue categories: Data Center and Communications.

In Q1 FY2027, Data Center revenue reached $1.833 billion, accounting for 76% of Marvell's total revenue—a figure that clearly demonstrates the company's comprehensive pivot toward AI infrastructure in recent years.

Communications and other revenue contributed $585.1 million, up 29% year-over-year, according to Marvell's official Q1 FY2027 press release dated May 27, 2026.

In early 2026, Marvell completed two strategic acquisitions: Celestial AI (completed on February 2, 2026) and XConn Technologies—further strengthening its capabilities in optical connectivity and CXL memory interconnects, which management identifies as among the fastest-growing opportunity areas in AI infrastructure.

Total revenue for Q1 FY2027 reached $2.418 billion—a company record, exceeding the midpoint of its own guidance by $18 million and increasing 28% from the same period last year, according to the SEC Form 8-K filed on May 27, 2026.

Marvell (MRVL) Stock Price Prediction: Real Views from 38 Wall Street Analysts

The single trading day following Marvell's Q1 FY2027 earnings release (May 27, 2026) marked one of the most concentrated waves of analyst upgrades in the stock's recent history.

Virtually every major covering firm raised their price target for Marvell Technology on May 28—many by double-digit percentages—and the breadth of this consensus provides a clear signal of how institutions currently position this stock.

How Q1 Earnings Triggered the Largest Wave of MRVL Analyst Upgrades

On May 28, 2026—the morning after the earnings release—Wall Street acted with unusual speed and consensus.

Barclays analyst Tom O'Malley raised his price target from $150 to $275, maintaining an Overweight rating—an 83% increase in a single research note, according to data from TipRanks.

The rationale was straightforward: Marvell's raised revenue outlook for FY2027 and FY2028, coupled with a data center revenue growth trajectory of approximately 50% in FY2027 and 55% in FY2028.

Bank of America analyst Vivek Arya raised his price target from $200 to $240, maintaining a Buy rating, citing the pattern of beating and raising guidance, along with a better-than-expected growth trajectory across FY2027, FY2028, and FY2029.

Other notable upgrades on May 28, 2026, according to TipRanks, include:

• KeyBanc Capital Markets: Raised to $260 (Overweight)
• Oppenheimer: Raised to $250 (Buy)
• B. Riley, Wells Fargo, and Rosenblatt: Each raised to $240 (Buy)
• Raymond James: Raised from $105 to $235—more than doubling its previous target
• UBS and Stifel: Each raised to $230 (Buy)
• Citigroup: Raised to $225 (Buy)
• Morgan Stanley: Raised to $195 (Buy)

As of late May 2026, the consensus from 38 analysts tracked by MarketBeat is a Buy rating, with a 12-month average price target of approximately $208.64—based on 32 Buy ratings and 6 Hold ratings.

Bullish Scenario vs. Conservative MRVL Targets: Decoding the $120 Gap

The gap between the most bullish and the most conservative Marvell stock price predictions is significant—around $120—but it has nothing to do with disagreement over the fundamentals of Marvell's business.

All major analysts covering MRVL agree that the company is growing rapidly and well-positioned in AI infrastructure.

Where they disagree is: how much of that future growth is already priced into the current stock price.

HSBC holds the street's most bullish target of $300, issued on May 26, 2026, based on a 42x multiple on an FY2028 EPS estimate of $7.12, according to data from TIKR.

HSBC's thesis is specific: Marvell's AI interconnect revenue and CXL memory opportunity are, in HSBC's view, "undervalued" relative to current valuations—meaning even at an all-time high, HSBC sees overlooked upside in certain product lines.

Goldman Sachs holds the street's most conservative Buy-rating target of $180—raised from a previous $125 on May 28, 2026—reflecting the firm's more cautious stance on near-term valuation relative to AI peers, while still maintaining a Buy rating on the growth story.

Most institutional targets cluster between $225 and $250, with Citigroup, Bank of America, Oppenheimer, and Wells Fargo broadly aligned on the revenue trajectory but not fully baking in the most aggressive upside scenarios.

Consensus 12-month price targets compiled by MarketBeat, Investing.com (via S&P Global data), and Public.com (as of June 1, 2026) range from approximately $207 to $222—reflecting an overall bullish market view, with the actual gap representing genuine disagreement on valuation multiples.

MRVL Long-Term Stock Price Prediction: The Revenue Roadmap Driving the Bull Case

The short-term debate on MRVL centers on valuation.

The long-term bull case, however, rests on a more fundamental foundation: Can Marvell's management execute a multi-year revenue acceleration plan—one they have publicly committed to in specific, quantifiable terms?

Marvell Stock Price Prediction: The Revenue Framework for FY2027 and FY2028

Marvell management provided specific, product-level forward guidance during the Q1 FY2027 earnings call, and it is the precision of these commitments that drove the massive analyst upgrades.

For Q2 FY2027, management guided for net revenue of $2.700 billion, plus or minus 5%—a sequential increase of approximately 12% from the Q1 record—according to the official press release on investor.marvell.com.

More importantly, management stated that revenue growth is expected to "continue to accelerate" in the remaining quarters of FY2027—a direct public commitment that sets a high bar for execution.

According to the Q1 FY2027 earnings call, the product-line targets for FY2027 and FY2028 are as follows:

• Data Center Revenue: Expected to grow approximately 50% year-over-year in FY2027 and approximately 55% in FY2028.
• Scale-Out Switches: Expected to exceed $600 million in FY2027, with an annualized revenue trajectory exceeding $1 billion in FY2028.
• DCI Module Revenue: Expected to reach an annualized $1 billion in FY2028, doubling from FY2026 levels.
• Custom Chips: Growth of over 20% in FY2027, expected to more than double in FY2028.
• FY2028 Total Revenue Target: Raised to $16.5 billion—approximately 45% above the FY2027 guidance and a $1.5 billion increase from the previous outlook.

These are not analyst predictions—they are public commitments made by Marvell management during the Q1 FY2027 earnings call on May 27, 2026.

MRVL 2030 Stock Price Prediction

For investors with a longer time horizon, the most detailed earnings framework for a Marvell stock price prediction out to 2030 comes from Bank of America's updated model released on May 28, 2026.

Bank of America analyst Vivek Arya raised EPS estimates by 6% for FY2027, 9% for FY2028, and 29% for FY2029, with non-GAAP EPS targets of approximately $4.06 for FY2027, $6.11 for FY2028, and $