5-star analysts reset Marvell stock price target ahead of earnings

Marvell Technology stock closed at $196.33 on May 22 and has rallied 131% year-to-date by May 24, significantly outpacing the S&P 500’s 9% gain. The company’s strong performance is tied to the AI-driven semiconductor boom, with key drivers including its fourth-quarter earnings report, Amazon’s partnership extension with Anthropic, and its acquisition of Polariton Technologies to advance optical performance scaling. Analysts are optimistic ahead of Marvell’s Q1 2027 earnings report on May 27. Citi analyst Atif Malik, ranked third among 12,266 Wall Street analysts with an 81% success rate, raised his price target to $215 from $118 and maintained a buy rating. Malik cited sustained demand for Amazon’s Trainium 2 AI accelerators, bolstered by the Amazon-Anthropic partnership extension. Stifel analyst Tore Svanberg, ranked 27th with a 67% success rate, also upgraded his price target to $210 from $140 and kept a buy rating. Svanberg expects Marvell to exceed its $2.4 billion Q1 revenue guidance and provide a Q2 outlook above his estimate of $2.59 billion. Marvell’s Q1 2027 guidance includes net revenue of $2.4 billion (±5%), GAAP gross margin of 51.4% to 52.4%, and GAAP diluted net income per share of $0.31 (±$0.05). Earlier in May, Bank of America and Goldman Sachs also adjusted their price targets upward, reflecting broader confidence in the semiconductor sector driven by AI growth and Intel’s recent earnings performance.