BofA lifts target for Marvell Technology stock to USD 400.00
Published on 10/08/2026 at 16:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- BofA Securities raised its Marvell Technology price target from USD 365.00 to USD 400.00 on October 7, 2026.
- Marvell set a fiscal 2031 revenue floor of USD 70.00 billion at its October 6 Investor Day.
- Marvell Technology stock was trading at EUR 247.78 at Lang & Schwarz on October 8, 2026, down 2.54 percent versus the prior close.
- The company reported USD 2.74 billion in fiscal second-quarter 2027 revenue, up 37.00 percent year over year.
Marvell Technology (ISIN US5738741041) was trading at EUR 247.78 at Lang & Schwarz on October 8, 2026 at 4:40 p.m. CEST, down 2.54 percent versus the prior close of EUR 254.23. BofA Securities raised its Marvell Technology price target from USD 365.00 to USD 400.00 on October 7, 2026, while keeping its Buy rating, according to aktiencheck.de.
Three milestones frame the reset
On August 27, 2026, Marvell reported fiscal second-quarter 2027 revenue of USD 2.74 billion and diluted earnings per share of USD 0.33, according to Investing.com. Revenue increased 37.00 percent from the year-earlier period, giving the current valuation a recent operating reference.
On October 6, 2026, Marvell held its Investor Day, when management presented a fiscal 2031 revenue range of USD 70.00 billion to USD 90.00 billion, with the midpoint at USD 80.00 billion, as reported by aktiencheck.de. The company calendar places the Investor Day on October 6, 2026, on Marvell Technology.
On October 7, 2026, BofA Securities lifted its target from USD 365.00 to USD 400.00. The revision is a 9.59 percent increase in the target, calculated from the previous USD 365.00 level.
What does the target reset require?
The higher target depends on Marvell converting its AI connectivity position into sustained revenue and profit growth. Wells Fargo cited more than USD 30.00 in adjusted earnings per share for fiscal 2031, while its own target moved from USD 310.00 to USD 365.00 on October 7, 2026, according to aktiencheck.de. That forecast is forward-looking rather than reported revenue.
Next dates for Marvell
Marvell's next two dated company events are the OCP Global Summit on October 12, 2026 and the PECC Summit on October 20, 2026, listed on Marvell Technology.
Valuation meets a sharp pullback
Marvell Technology's Nasdaq quote was USD 276.28 at 10:51 a.m. ET on October 8, 2026. Its market capitalization was USD 242.0 billion, and the 52-week range was USD 70.69 to USD 329.88 on the same date. The euro quote's 2.54 percent decline places the day's market signal against an ambitious long-term revenue case, rather than confirming that the forecast has already been achieved.
The further course of trading is shown by the continuously updated real-time quote of Marvell Technology stock.
Marvell Technology stock facts
- Company: Marvell Technology, Inc.
- ISIN: US5738741041
- Ticker: MRVL
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 8, 2026, 4:40 p.m. CEST): EUR 247.78
- Change versus prior close: minus 2.54 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 254.23
- Market capitalization: USD 242.0 billion (as of October 8, 2026)
- 52-week range: USD 70.69-329.88 (as of October 8, 2026)
- Sector / Industry: Technology / Semiconductors
- Index membership: S&P 500 and Nasdaq-100
Market context: Market report Nasdaq Composite.
