24/7 Wall St. sets a 12-month price target of $284.80 for Marvell Technology, implying 14.5% upside from $248.71, with a buy rating at 90% confidence. Marvell reported record revenue of $2.739 billion in August, up 37% year over year, while data center revenue rose 46% to $2.17 billion, or 79% of sales. The bull case is $352.54 and the bear case is $218.43. Key risks include customer concentration if hyperscalers bring chip design in-house, and margin pressure as custom chips make up a growing share of sales; fiscal Q3 non-GAAP gross margin is forecast at 57.5% to 58.5%, down from 58.9%. Marvell trades at 31x forward earnings, above Broadcom's 18x but below AMD's 34x.
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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