Needham raises target for Marvell Technology stock to USD 400.00
Published on 10/13/2026 at 17:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and trading data
- Needham lifted its Marvell Technology target to USD 400.00 on October 7, 2026.
- Fiscal 2027 second-quarter revenue rose 36.50 percent to USD 2.74 billion.
- Marvell Technology stock costs EUR 233.43 at Lang & Schwarz on October 13, 2026 at 4:45 p.m. CEST, down 2.04 percent on Nasdaq and 21.06 percent below its 52-week high.
- TradingView lists November 26, 2026 as the next reporting date and expects USD 3.15 billion in revenue.
Needham raised its price target for Marvell Technology stock to USD 400.00 from USD 300.00 in a report dated October 7, 2026, while maintaining a Buy rating, according to MarketBeat. Against the Nasdaq price of USD 260.42 on October 13, 2026, that target lies 53.60 percent higher. Marvell Technology was trading at EUR 233.43 at Lang & Schwarz on October 13, 2026 at 4:45 p.m. CEST, down 2.04 percent on Nasdaq.
Revenue reaches USD 2.74 billion
Marvell reported USD 2.74 billion in revenue for the second quarter of fiscal 2027, up 36.50 percent from the year-earlier period, according to Yahoo Finance on October 7, 2026. The same report said management lifted its fiscal 2028 revenue outlook to USD 20.00 billion from USD 18.00 billion, citing connectivity demand.
Stock sits below yearly high
The Nasdaq quote was USD 260.42 on October 13, 2026, against a previous close of USD 265.86, with 7,462,263 shares traded versus an average volume of 22,300,540. The 52-week range was USD 70.69 to USD 329.88, leaving the stock 21.06 percent below its high and 268.41 percent above its low.
Marvell's market capitalization was USD 228.1 billion on October 13, 2026, while the price-to-earnings ratio was 86.01. The figures place valuation alongside the growth comparison rather than treating the target increase as a standalone signal.
Valuation and reporting date
TradingView lists November 26, 2026 as Marvell's next reporting date and gives a revenue estimate of USD 3.15 billion for the third quarter of fiscal 2027. The same page identifies Marvell as a semiconductor company and lists the ISIN US5738741041.
Comparison with peers
Marvell Technology (Nasdaq, USD): down 2.04 percent, P/E 86.01, market capitalization USD 228.1 billion
Broadcom (Nasdaq, USD): down 0.08 percent, P/E 45.29, market capitalization USD 1.7 trillion
Advanced Micro Devices (Nasdaq, USD): down 1.11 percent, P/E 150.60, market capitalization USD 958.3 billion
Trading level and next date
Marvell Technology stock was trading at EUR 233.43 at Lang & Schwarz on October 13, 2026 at 4:45 p.m. CEST, down 2.04 percent on Nasdaq versus the Nasdaq previous close of USD 265.86. The euro quote and the Nasdaq move are separate market measures, while the USD 400.00 Needham target remains the clearest dated valuation reference.
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 13, 2026 at 4:45 p.m. CEST: EUR 233.43
- Change on Nasdaq: minus 2.04 percent
- Nasdaq previous close October 13, 2026: USD 265.86
- Market capitalization: USD 228.1 billion (as of October 13, 2026)
- 52-week range: USD 70.69-329.88 (as of October 13, 2026)
- Sector / Industry: Electronic Technology / Semiconductors
- Next earnings date: November 26, 2026
Market context: Market report Nasdaq Composite.
