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AI Tailwinds Propel Marvell's Record Revenue
31 May
Summary
- Analysts significantly boosted Marvell's stock price targets.
- Marvell reported record Q1 fiscal 2027 revenue, up 28% YoY.
- AI-related bookings are driving accelerated revenue growth.
As of May 31, 2026, Marvell Technology, Inc. (MRVL) is experiencing a surge in positive analyst sentiment. On May 28, 2026, Deutsche Bank elevated its price target to $240 from $120, maintaining a Buy rating due to solid fiscal Q1 results and outlook, particularly in data center revenue.
Barclays analyst Tom O'Malley also increased his price target to $275 from $150, reiterating an Overweight rating following the company's earnings report. Jefferies analyst Blayne Curtis similarly raised his target to $235 from $149, citing a "modest" beat and raise, with optical demand contributing to near-term upside and increased confidence in FY28.
Marvell reported Q1 adjusted EPS of 80c and revenue of $2.418 billion, surpassing estimates. Chairman and CEO Matt Murphy highlighted record first-quarter fiscal 2027 revenue, a 28% year-over-year increase. The company guided second-quarter revenue to $2.7 billion at the midpoint, projecting accelerated growth through fiscal 2027, propelled by its data center business and "exceptional AI-related bookings."
