Stifel Raises Marvell (MRVL) Price Target on AI Data Center …

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More.

Marvell’s infrastructure story is gaining fresh support on Wall Street. On June 2, Stifel analyst Tore Svanberg raised the price target on Marvell (NASDAQ: MRVL) to $321.00 (from $230.00) while maintaining a Buy rating.

Stifel analysts described Marvell Technology Chairman and CEO Matt Murphy’s COMPUTEX 2026 keynote as a reaffirmation of its long-held thesis on Marvell. The keynote, titled “The Future of AI Scaling Depends on Connectivity,” reaffirms Marvell’s investment thesis particularly as AI demand continues to accelerate the need for advanced connectivity solutions across data centers.

photo by Business-laptop-campaign-creators on Unsplash

Analysts noted how the keynote aligns with the financial trajectory management outlined during its F1Q27 earnings call. As connectivity becomes increasingly critical for scaling AI workloads, Marvell seems to be well-positioned within the data center and AI supercycle.

Given what we view as the market’s increased acceptance of MRVL’s positioning within the DC/AI supercycle, we reiterate our Buy rating with a raised 12-month Target Price of $321 (from $230), representing a 55.0x CY27E P/E multiple.

Marvell Technology, Inc. (NASDAQ:MRVL) develops and manufactures semiconductors, with a heavy focus on data centers.

[im-yf-promo]

While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

[/im-yf-promo]

While we acknowledge the risk and potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Generated by RSStT. The copyright belongs to the original author.

Source