B of A Securities Reiterates Buy Rating for Marvell Technology
B of A Securities maintained its buy rating on Marvell Technology with a $365 price target, a 31.91% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Marvell Technology, Inc. (MRVL) with a price target of $365 on June 23, 2026.
- B of A Securities's $365 price target implies 31.91% upside from Marvell Technology, Inc.'s ($MRVL) current $276.70 share price.
- Shares of Marvell Technology traded near $307.86 on Tuesday, with a market cap of approximately $269.3 billion and a P/E ratio of 105.4.
- FMR LLC increased its position by 4.4 million shares to 131.3 million shares, valued at about $13 billion.
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B of A Securities has reiterated its buy rating on Marvell Technology, Inc. (NasdaqGS: MRVL), setting a price target of $365. This action was taken on June 23, 2026, with the stock trading close to $307.86 on that day.
B of A Securities vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Marvell Technology, Inc. Stock Up 27.7%
Shares of Marvell Technology traded near $307.86 on Tuesday. The company boasts a market cap of around $269.3 billion and a P/E ratio of 105.4, with a forward P/E of 49.9. The stock's beta is 2.277, indicating higher volatility compared to the market. Over the past year, Marvell's shares have ranged from a low of $61.44 to a high of $329.88. The 50-day moving average is $197.94, and the 200-day moving average is $113.06. The company maintains a strong current ratio of 3.278 and a quick ratio of 2.51, with a debt-to-equity ratio of 28.97.
$MRVL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent financial report, Marvell Technology posted revenue of approximately $8.72 billion, reflecting a growth rate of 27.6%. The company achieved an EPS of $2.92, with a net margin of 28.99% and a return on equity of 16.03%. Marvell's next earnings announcement is scheduled for August 27, 2026.
Dividend
Marvell Technology pays an annual dividend of $0.24 per share, yielding 0.08%. The company's dividend payout ratio stands at 8.25%.
Insider Buying and Selling at Marvell Technology, Inc.
Recent insider activity at Marvell Technology includes sales by Rebecca House on June 17, 2026, and multiple transactions by Sandeep Bharathi, President of the Data Center Group, on June 15 and 16, 2026. Bharathi sold 2,231 shares at an average price of $299.13 under a Rule 10b5-1 plan and executed additional transactions on the same day.
Analysts Set New Price Targets
On June 23, 2026, B of A Securities reiterated its buy rating for Marvell Technology with a $365 price target. Keybanc maintained its buy rating with a higher target of $385 on June 18, 2026. Other firms, including Rosenblatt, B. Riley Securities, and UBS, also maintained buy ratings, with targets ranging from $230 to $345. The consensus among 41 analysts is a strong buy, with an average target price of $238.75.
About Marvell Technology
Marvell Technology, Inc., headquartered in Wilmington, Delaware, is a leading provider of semiconductor solutions for data infrastructure. The company designs and develops system-on-a-chip architectures, integrating various signal processing functionalities. Marvell's products serve data centers and communications markets globally, with operations in the U.S., China, India, and beyond. Led by CEO Matthew J. Murphy, Marvell employs about 7,480 people.
Bottom Line
B of A Securities' reiteration of a buy rating for Marvell Technology reflects confidence in the company's future prospects. Investors keep a close eye on such analyst actions as they can influence market sentiment. Remember, these ratings are based on past performance and expectations, and may not reflect current market conditions.
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