Stifel Reiterates Buy Rating for Marvell Technology with $350 Target
Stifel analyst Tore Svanberg maintained a buy rating on Marvell Technology, Inc., setting a price target of $350, a 24.44% upside from the current price.
Key Points
- Stifel reiterated a buy rating for Marvell Technology on June 24, 2026, with a $350 price target.
- Stifel's $350 price target implies 24.44% upside from Marvell Technology, Inc.'s ($MRVL) current $281.26 share price.
- Marvell Technology shares traded at $279.04 on Wednesday, with a market cap of $269.3 billion and a P/E ratio of 105.4.
- Insiders at Marvell Technology sold shares, including CFO Daniel Durn on June 23, 2026, without planned transactions.
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On June 24, 2026, Stifel analyst Tore Svanberg reiterated his buy rating on Marvell Technology, Inc. (NasdaqGS: MRVL), setting a price target of $350. This reaffirmation comes as the stock traded near $279.04 on Wednesday.
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Analysts Set New Price Targets
Stifel's reiteration of a buy rating with a $350 target aligns with several other firms maintaining their positive outlooks on Marvell Technology. On June 23, 2026, B of A Securities also maintained a buy rating with a target of $365. Earlier, on June 18, Keybanc reiterated a buy rating with a target of $385. Other firms such as Rosenblatt, B. Riley Securities, UBS, Citigroup, and Barclays have also maintained buy ratings with targets ranging from $225 to $385.
Marvell Technology, Inc. Stock Up 29.8%
Shares of Marvell Technology, Inc. traded near $279.04 on Wednesday. The company boasts a market cap of approximately $269.3 billion, with a P/E ratio of 105.4 and a forward P/E of 49.9. Marvell's beta is 2.277, indicating higher volatility compared to the market. The stock has seen a 52-week low of $61.44 and a high of $329.88. Its 50-day moving average is $197.94, while the 200-day moving average stands at $113.06. The company maintains a strong liquidity position with a current ratio of 3.278 and a quick ratio of 2.51.
$MRVL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Marvell Technology, Inc.
Recent insider activity at Marvell Technology, Inc. includes several transactions. On June 23, 2026, Chief Financial Officer Daniel Durn sold 2,250 shares at an average price of $281.01. Earlier, on June 16, 2026, Sandeep Bharathi, President of the Data Center Group, sold 2,231 shares at $299.13 under a planned transaction. Bharathi also sold 2,482 shares on June 15, 2026, at $308.88 and bought 4,713 shares on the same day without a planned transaction.
About Marvell Technology, Inc.
Marvell Technology, Inc. is a leading semiconductor company based in Wilmington, Delaware. The company designs and provides data infrastructure semiconductor solutions, catering to data centers and communications markets globally. Under the leadership of CEO Matthew J. Murphy, Marvell develops system-on-a-chip architectures and offers a wide range of products, including ethernet solutions, processors, and storage controllers. With around 7,480 employees, Marvell continues to innovate in the semiconductor industry.
Bottom Line
Stifel's reiteration of a buy rating and a $350 price target reflects continued confidence in Marvell Technology's prospects. The stock's recent trading activity and insider transactions provide insight into its current market dynamics. As Marvell Technology continues to grow, investors keep a close watch on analyst ratings and company performance.
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