TD Cowen raised target for Marvell Technology stock to USD 350.00

Published on 10/14/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2027 second-quarter revenue hit USD 2.739 billion, up 36.50 percent. Marvell Technology stock trades at EUR 236.33 on October 14, 2026.

Marvell raises its revenue framework

TD Cowen raised its Marvell target from USD 245.00 to USD 350.00 on October 7, 2026.
Fiscal 2027 second-quarter revenue reached USD 2.739 billion, up 36.50 percent year over year.
Marvell Technology stock was trading at EUR 236.33 at 1:02 p.m. CEST on October 14, 2026, at Lang & Schwarz.

Extreme Nahaufnahme einer schillernden Mikrochip-Oberfläche mit feinen Schaltkreisstrukturen — Makroaufnahme einer schillernden Chipoberfläche veranschaulicht Marvell Technology, Aktie ISIN US5738741041, als führendes Unternehmen der Halbleiterindustrie, Illustration mit AI erstellt.

TD Cowen upgraded Marvell Technology from Hold to Buy and raised its price target from USD 245.00 to USD 350.00 on October 7, 2026, according to CNBC. The call followed Marvell's October 6 Investor Day and put the enlarged AI infrastructure outlook at the center of the valuation debate.

Three milestones reshape the story

On October 6, 2026, Marvell presented its Investor Day strategy in New York and outlined a fiscal 2028 revenue target of USD 20.00 billion, up from USD 18.00 billion, according to Marvell Technology. The company also set a fiscal 2031 revenue framework of USD 70.00 billion to USD 90.00 billion.

On October 12, Marvell unveiled second-generation Structera X memory expanders with six CXL 3.2 channels and capacity of 9 terabytes per controller. On October 13, it introduced a 3.2T protocol-aware retimer and a second-generation 1.6T AEC DSP, according to Marvell Technology.

What does the outlook change?

The operating evidence is already substantial. Fiscal 2027 second-quarter revenue reached USD 2.739 billion, up 36.50 percent from a year earlier, while Data Center revenue rose 46.00 percent to USD 2.172 billion, according to 24/7 Wall St. Management guided fiscal 2027 third-quarter revenue to USD 3.150 billion.

That comparison explains why analysts are stretching targets, but it also raises the execution bar. The fiscal 2028 revenue goal is USD 2.00 billion above the earlier framework, while the long-term range requires the custom silicon and connectivity businesses to scale rapidly.

Upcoming dates keep the test visible

Marvell's next scheduled company events listed on its website are the PECC Summit on October 20, 2026, the ISIG Executive Summit SEA on October 27, 2026, and the AI Networking Summit on October 28, 2026, according to Marvell Technology. The next earnings date is November 25, 2026, according to Investing.com.

Stock remains tied to execution

Marvell Technology had a market capitalization of USD 235.3 billion as of October 13, 2026, with a 52-week range of USD 70.69 to USD 329.88. The current valuation therefore rests on converting the higher revenue framework into sustained custom silicon and data center growth.

Marvell Technology was trading at EUR 236.33 at Lang & Schwarz on October 14, 2026, at 1:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Marvell Technology stock.