Prediction: Marvell Stock Could Be on the Verge of Another Big Move

Vandita Jadeja

Mon, August 31, 2026 at 3:30 PM GMT+3 4 min read

Quick Read

MRVL earns a BUY with a $285 target as CEO Matt Murphy raised FY2027 revenue guidance to $11.5 billion on exceptional AI bookings.
AVGO's AI semi revenue surged 143% to $10.8 billion, making MRVL's valuation look reasonable while CRDO grew faster off a smaller base.
Custom silicon targeting $10 billion by FY2029 drives a $354 bull case, while hyperscaler vertical integration risk creates a $216 bear scenario.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.

Marvell Technology (NASDAQ:MRVL) has become one of the most explosive AI infrastructure names of 2026. Our 24/7 Wall St. price target for Marvell is $284.96, implying 17.11% upside from the current price of $243.95.

Gorodenkoff / Shutterstock.com

Our recommendation is buy with high confidence (90%). AI bookings are inflecting, custom silicon is scaling, and the multiple has room even after a monster run.

24/7 Wall St. Price Target Summary

MRVL Price Target — 24/7 Wall St.

A Parabolic Run Into a Pivotal Earnings Report

Marvell is up 188.85% year to date and 230.78% over the past year, with a 29.57% surge in the past month alone. Shares sit 18% below the 52-week high of $329.80 and comfortably above the $61.31 low. Despite that move, the 14-day RSI at 57.81 is nowhere near overbought.

Q1 FY2027 revenue hit $2.418 billion, up 28% year over year, with data center revenue of $1.83 billion. CEO Matt Murphy raised the FY2027 revenue outlook to nearly $11.5 billion and FY2028 to roughly $16.5 billion, citing "exceptional AI-related bookings."

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.

MRVL Price Scenario — 24/7 Wall St.

Why Bulls See $350+

The bull case rests on Murphy's guidance that custom silicon revenue will more than double year over year in fiscal 2028, with a long-term target of over $10 billion in custom revenue by fiscal 2029. Interconnect growth was raised to more than 70% year over year for FY27, and scale-out switch revenue is expected to exceed $600 million in FY27, doubling from FY26.

The Celestial AI and XConn acquisitions plus the NVIDIA NVLink Fusion partnership expand Marvell's TAM (we studied what the biggest AI chip winners looked like early and put the traits in a free playbook here). If tonight's guide echoes the last one, the bull-case scenario points to $353.73 within 12 months.

MRVL Analyst Ratings — 24/7 Wall St.

What Could Go Wrong

Data center now represents roughly 76% of revenue, concentrating exposure to a handful of hyperscalers who could vertically integrate. Q1 GAAP net income fell 80.4% year over year, though driven by a $331.8 million contingent consideration charge tied to the Celestial AI acquisition rather than operating performance.

Non-GAAP earnings still grew. Insider activity has skewed toward selling, and put open interest sits at the September 18 expiration reaches 190,091 contracts. A bear-case path puts shares at $216.03.

How Marvell Compares to Broadcom and Credo

Broadcom (NASDAQ:AVGO) is the direct benchmark on custom AI silicon and networking, at roughly $1.75 trillion in market cap. Broadcom's Q2 FY26 revenue grew 47.9% to $22.19 billion, with AI semis up 143% to $10.8 billion. That premium scale makes Marvell's setup look reasonable.

Credo Technology (NASDAQ:CRDO) is the pure-play optical connectivity comp. Credo's Q4 FY26 revenue rose 157% to $437 million, and full-year revenue more than tripled to $1.34 billion. Credo grows faster off a smaller base, but Marvell owns the broader silicon-plus-optics stack, which supports our target.

Marvell Price Prediction 2026-2030

Our 24/7 Wall St. price target of $284.96 with a buy rating and 90% confidence reflects a stock riding a fundamentally sound AI infrastructure wave. The setup looks constructive if guidance reaffirms the $3 billion Q3 revenue target.

The thesis weakens if custom silicon commentary softens or if hyperscaler vertical-integration risk resurfaces. The 24/7 Wall St. price target favors the bulls into the earnings report.

These projections assume Marvell executes on custom XPU, interconnect, and switching. Upside could come from the Celestial AI photonic fabric ramp, while downside would emerge from hyperscaler in-sourcing.