Needham raises target for Marvell Technology stock to USD 400

Published on 10/07/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evercore ISI raised its target from USD 275 to USD 433. Marvell Technology stock costs EUR 248.83 after EUR 254.28 on October 7, 2026.

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Marvell Technology stock (ISIN US5738741041) was trading at EUR 248.83 at Lang & Schwarz on October 7, 2026 at 3:31 p.m. CEST, down 2.14 percent versus the prior close of EUR 254.28. According to Investing.com on October 7, 2026, Needham raised its price target from USD 300 to USD 400 and maintained a Buy rating.

Investor Day resets the targets

Marvell's October 6 Investor Day supplied the catalyst for the new analyst targets. The company's official event page describes a strategy centered on AI and data center infrastructure, with Chairman and CEO Matt Murphy leading the presentation, according to Marvell.

Investing.com reported that Marvell lifted its fiscal 2028 revenue target to USD 20.0 billion from USD 18.0 billion and introduced a fiscal 2031 revenue framework of USD 70.0 billion to USD 90.0 billion. The midpoint of that 2031 range is USD 80.0 billion, alongside an earnings-per-share target above USD 30.00.

Revenue growth sets the test

The nearer operating test is the third quarter of fiscal 2027. Marvell guided to revenue of USD 3.15 billion at the midpoint, plus or minus 5 percent, after second-quarter fiscal 2027 revenue reached USD 2.7393 billion, up 37 percent year over year, according to Yahoo Finance. That comparison matters because the new long-range plan requires sustained expansion well beyond the latest reported quarter.

Needham's USD 400 target is 60.00 percent above its former USD 250? No. The source states a move from USD 300 to USD 400, while Evercore ISI separately raised its target from USD 275 to USD 433, according to Aktiencheck on October 6, 2026. The wide spread between those targets shows that valuation now depends heavily on the pace at which custom silicon and connectivity revenue scale.

Stock trades below prior close

The separate Nasdaq quote stood at USD 278.05 at 9:33 a.m. ET on October 7, 2026. Marvell Technology had a market capitalization of USD 243.5 billion and a 52-week range of USD 70.69 to USD 329.88 on the same date. Price source: Lang & Schwarz, October 7, 2026 at 3:31 p.m. CEST, with the prior close of EUR 254.28.
The further course of trading is shown by the continuously updated real-time quote of Marvell Technology stock.