Stifel maintains Buy on Marvell stock, reiterates $80 target

Published 07/05/2025, 16:42
Stifel maintains Buy on Marvell stock, reiterates $80 target

On Wednesday, Stifel analysts maintained a Buy rating on Marvell Technology Group Ltd . (NASDAQ:MRVL), with a consistent price target of $80.00. The decision came after Marvell announced it would host a webinar on June 17, 2025, to highlight its custom AI infrastructure ASIC business, which is recognized as one of the company’s key and rapidly expanding segments. According to InvestingPro data, Marvell, currently trading at $54.75, has seen significant volatility, with analysts setting targets ranging from $60 to $135, reflecting strong growth expectations.

Marvell also disclosed the postponement of its Investor Day, originally scheduled for June 10, 2025, to an unspecified date in the calendar year 2026. The delay is attributed to the current macroeconomic conditions and the company’s intention to provide a more focused exploration of a significant growth area. With a market capitalization of $47.5 billion, Marvell has experienced a challenging year, with its stock down about 44% year-to-date. Want deeper insights? InvestingPro subscribers have access to over 10 additional exclusive tips and comprehensive financial analysis.

In addition to these updates, Marvell reaffirmed its revenue forecast, tightening the projected range to approximately $1.875 billion, plus or minus 2%, which refines the previous forecast that had a broader variance of plus or minus 5%.

Stifel’s analysts believe that the upcoming webinar will likely emphasize Marvell’s robust momentum and outlook within the AI custom silicon sector. The event is also expected to address recent investor queries concerning Marvell’s competitive stance in this market. The firm’s investment conclusion supports the stock’s current rating and 12-month price target, which is based on a 7.7 times multiple of the company’s estimated calendar year 2026 enterprise value to sales.

In other recent news, Marvell Technology has refined its revenue forecast for the first quarter of fiscal year 2026, projecting net revenue to be approximately $1.875 billion. This adjustment reflects a more precise expectation amid a challenging macroeconomic climate. The company has also postponed its Investor Day to an undetermined date in 2026. Additionally, Marvell has announced changes in its board leadership, with directors Michael Strachan and Robert Switz not seeking reelection. Brad Buss is set to become the new Lead Independent (LON:IOG) Director following their departure.

In a significant technological advancement, Marvell has achieved interoperability of its Structera Compute Express Link (CXL) devices with AMD (NASDAQ:AMD) and Intel (NASDAQ:INTC) processors, enhancing memory performance for cloud data centers. Meanwhile, Stifel has revised its price target for Marvell from $115 to $80, although it maintains a Buy rating due to Marvell’s strong performance in AI-related revenues. The company is on track to exceed its fiscal year 2026 revenue target, driven by demand for optical connectivity and custom ASIC products. Furthermore, Raghib Hussain, Marvell’s President of Products and Technologies, will resign to become CEO of another company, with a succession plan already in place to ensure a smooth transition.

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