Evercore ISI Raises Marvell Technology Price Target to $433 on AI Growth

Key Facts

1Evercore ISI raised its price target for Marvell Technology to $433 from $275 while maintaining an Outperform rating.

2Marvell raised its fiscal 2028 revenue forecast to approximately $20 billion, up from its previous estimate of $18 billion.

3The company introduced a fiscal 2031 annual revenue target of $70 billion to $90 billion, significantly exceeding consensus estimates.

Evercore ISI raised its price target for Marvell Technology to $433 from $275 while maintaining an Outperform rating. According to Financial Modeling Prep, the company increased its fiscal 2028 revenue forecast to approximately $20 billion, up from a previous estimate of $18 billion, and introduced a fiscal 2031 annual revenue target between $70 billion and $90 billion.

MRVL closed at $287.01 on October 6, 2026, while GOOGL closed at $347.68 on the same date. The upward revision is supported by strong demand for custom AI and data center chips, including an expanded commercial relationship with Google, as EVR closed at $268.08 on October 6, 2026.