Stifel lifts – On May 22, 2026, Stifel raised its price target for Marvell Technology to $210 from $140 and kept a Buy rating, pointing to Nvidia partnership momentum and higher hyperscaler capital spending. Ahead of Marvell’s May 27 earnings report, Citi raised its target t
The next earnings report is still days away, but the market conversation around Marvell Technology is already accelerating.
On May 22, 2026, Stifel lifted its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $210 from $140 and kept a Buy rating on the shares. The firm tied the move to what it sees as a strengthened data center trajectory. reinforced by Nvidia partnership momentum and higher hyperscaler capital expenditures. Stifel also said it expects Marvell to deliver a beat when the company reports quarterly results.
That same earnings timing is now part of a broader stamp of confidence from other Wall Street desks. Citi raised its price target on Marvell to $215 from $118 and kept a Buy rating ahead of the earnings report on May 27. Citi believes Trainium 2 ASIC demand remains strong, and linked its higher target to increased earnings expectations.
Earlier, Wells Fargo also raised its price target on Marvell to $195 from $135 and kept an Overweight rating. The firm acknowledged that Marvell’s valuation—more than 30 times 2027 price-to-earnings—creates a tougher setup into the Q1 2027 print. Still. it pointed to potential drivers that it believes can unlock upside: AWS Trainium deployment. an XPU-attach ramp. and continued Interconnect momentum.
Taken together. these moves frame the same countdown from three directions: the May 27 earnings date. the expectation of a performance catalyst. and the focus on data center-linked product momentum. Stifel’s view leans on Nvidia and hyperscaler capex. Citi anchors on Trainium 2 ASIC demand. and Wells Fargo emphasizes the ramp path for AWS Trainium. XPU attach. and Interconnect—each one offering a different route to the same destination.
Marvell Technology. Inc. together with its subsidiaries. provides data infrastructure semiconductor solutions spanning the data center core to the network edge. The company operates across the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.
For investors. the question now shifts from “why targets are rising” to “whether the quarter can justify the pace.” With three firms lifting targets ahead of May 27 and each pointing to data center spend and AI infrastructure demand. Marvell’s upcoming quarterly results carry a simple weight: expectations are no longer waiting—they’re already in the numbers.
Marvell Technology MRVL Stifel price target Citi price target Wells Fargo price target May 27 earnings Trainium 2 ASIC Nvidia partnership hyperscaler capex AWS Trainium XPU attach Interconnect momentum