Marvell Technology stock gains as analysts lift targets

Published on 09/17/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Marvell Technology stock traded at USD 222.17 on September 16, 2026, after a 1.53 percent rise. MarketBeat said revenue was USD 2.74 billion in Q2 2027.

Techniker im Reinraum untersuchen einen glänzenden Siliziumwafer vor Serverschränken — Fotorealistische Szene zeigt Reinraum-Techniker mit Siliziumwafer, passend zu Marvell Technology, Aktie ISIN US5738741041, Halbleiterbranche, Illustration mit AI erstellt.

Marvell Technology stock (ISIN US5738741041) traded at USD 222.17 on September 16, 2026, after a 1.53 percent rise, with Nasdaq volume at 8,556,528 shares. The move came after ad-hoc-news reported on September 16, 2026 that analysts kept lifting targets.

Targets stay elevated

According to ad-hoc-news on September 16, 2026, MarketBeat said KeyCorp restated an overweight rating, Susquehanna raised its price objective to USD 265 from USD 230, and Deutsche Bank reiterated buy with a USD 240 target. The same report said the consensus target price stood at USD 270.47.

That keeps the stock close to the upper end of its recent trading band. MarketWatch showed a 52-week range of USD 68.36 to USD 329.88 and a market cap of USD 194.41 billion as of September 15, 2026.

Revenue and guidance

According to ad-hoc-news, Marvell Technology reported quarterly earnings on August 27, 2026, with EPS of USD 0.94, above consensus of USD 0.93. Revenue reached USD 2.74 billion, versus USD 2.72 billion expected, and revenue rose 36.5 percent year over year.

The same report said the company set Q3 2027 guidance at USD 1.050 to USD 1.150 EPS and that sell-side analysts expect USD 3.03 EPS for the current year. TradingKey also said annual revenue was USD 8.19 billion and net profit was USD 2.67 billion.

Stock near its range

MarketWatch listed Marvell Technology stock at USD 221.43 in after-hours trading on September 15, 2026, after a close of USD 221.70, with day range at USD 220.92 to USD 227.62 and volume at 12.74 million shares. The stock remained below the 52-week high of USD 329.88 and above the 52-week low of USD 68.36.