Analysts Raise Marvell Targets to $230 and $210 Ahead of Earnings
MRVL•Susquehanna raised its Marvell price target to $230 from $100, implying 17% upside ahead of Wednesday’s earnings, citing strength in Inphi and Custom XPU attach businesses supported by higher AWS capex. Stifel boosted its target to $210 from $140 and forecasts April-quarter revenue above $2.40 billion, led by Data Center sales.
1. Analyst Upgrades and Price Targets
Susquehanna elevated its Marvell price target to $230 from $100, marking the street’s highest forecast and implying 17% upside ahead of the company’s Wednesday earnings report. Stifel followed suit, raising its target to $210 from $140 and maintaining a Buy rating on expectations of a revenue beat.
2. Growth Drivers and Risks
Analysts cited strength in Marvell’s Inphi unit, where 800G transceiver module shipments are expected to double again in 2026, and growth in custom XPU attach driven by a revised AWS capex of ~$218 billion. Additional catalysts include Anthropic’s up-to-5 GW Amazon compute agreement for Trainium and Data Center operations—which comprised 74% of January-quarter revenue—though 3 nm supply constraints may limit upside.
