UBS Reiterates Buy Rating on Marvell Technology
UBS maintains its 'buy' rating for Marvell Technology, targeting a price of $340, a 14.14% upside from the current price.
Key Points
- UBS reiterated its 'buy' rating for Marvell Technology, Inc. (MRVL) with a price target of $340 on June 29, 2026.
- UBS's $340 price target implies 14.14% upside from Marvell Technology, Inc.'s ($MRVL) current $297.89 share price.
- Shares of Marvell Technology traded near $266.77 on Monday, with a P/E ratio of 91.67 and a market cap of approximately $233.4 billion.
- Other analysts like Cantor Fitzgerald and Stifel also maintained their ratings, with targets of $300 and $350 respectively.
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On June 29, 2026, UBS reiterated its 'buy' rating on Marvell Technology, Inc. (NasdaqGS: MRVL), setting a target price of $340. Shares of Marvell traded near $266.77 on Monday.
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Analysts Set New Price Targets
On June 29, 2026, UBS maintained its 'buy' rating on Marvell Technology with a price target of $340. Cantor Fitzgerald also kept a 'hold' rating with a $300 target on the same day. Earlier, on June 24, Stifel maintained its 'buy' rating with a $350 target. Additionally, B of A Securities reiterated a 'buy' with a $365 target on June 23, while Keybanc set a high target of $385 on June 18.
Marvell Technology, Inc. Stock Up 37.5%
Shares of Marvell Technology, Inc. (NasdaqGS: MRVL) traded near $266.77 on Monday. The company boasts a market capitalization of about $233.4 billion and a P/E ratio of 91.67. With a beta of 2.277, the stock has seen a 52-week range between $61.44 and $329.88. Its 50-day moving average is $213.21, while the 200-day moving average is $118.51. Marvell's current ratio stands at 3.278, with a quick ratio of 2.51 and 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
Marvell Technology reported revenue of $8.72 billion, reflecting a growth rate of 27.6%. The company's earnings per share (EPS) stood at $2.91, with a net margin of 28.99% and a return on equity (ROE) of 16.03%. The next earnings report is expected on August 27, 2026.
Other Institutional Activity in Marvell Technology
FMR LLC increased its holdings by 4,438,241 shares, reaching a total of 131,255,670 shares valued at approximately $13 billion. BlackRock, Inc. grew its stake by 4,036,492 shares, ending with 63,842,984 shares worth about $6.32 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 39,105,225 and 33,218,111 shares respectively. State Street Corp added 503,590 shares, totaling 23,338,406 shares valued at $2.31 billion.
Insider Buying and Selling at Marvell Technology, Inc.
On June 23, 2026, Daniel Durn, the CFO, sold 2,250 shares at an average price of $281.01. Earlier, on June 17, Rebecca House sold 750 shares. Sandeep Bharathi, President of the Data Center Group, made several transactions around mid-June, including a planned sale of 2,231 shares at $299.13 on June 16.
About Marvell Technology
Marvell Technology, Inc., headquartered in Wilmington, Delaware, is a key player in the semiconductor industry. The company, led by CEO Matthew J. Murphy, specializes in data infrastructure semiconductor solutions. Marvell serves a wide array of markets, including data centers and communications, by providing advanced system-on-a-chip architectures and a range of ethernet and storage solutions. Founded in 1995, Marvell employs around 7,480 people and operates globally.
Bottom Line
UBS's reiterated 'buy' rating for Marvell Technology highlights continued confidence in the company's growth prospects. With a solid market position and innovative product offerings, Marvell remains a key player in the semiconductor industry. As always, it's important to remember that analyst ratings are one tool among many for evaluating a stock, and they reflect the analyst's opinion at the time of publication.
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