Marvell Technology has just hit an all-time high—and Wall Street analysts are still scrambling to catch up. Following record revenue and an upward revision of its full-year outlook on May 27, 2026, MRVL has become one of the most actively repriced AI infrastructure investments in the semiconductor sector. This article compiles actual analyst target prices from various institutions—including specific amounts from named institutions—allowing you to make an independent judgment on Marvell's stock price forecast based on sufficient information. Key Summary: As of June 2026, MRVL closed at an all-time high of $219.43, driven by record revenue of $2.418 billion in the first quarter of FY2027—a 28% year-over-year increase—data from Marvell's official earnings release. As of the end of May 2026, according to 38 analysts tracked by MarketBeat, the Wall Street consensus 12-month average target price was approximately $208.64, with 32 buy ratings and 6 hold ratings. Analyst price targets range from $180 (Goldman Sachs) to $300 (HSBC) – the $120 difference reflects valuation disagreement, not disagreement on Marvell's AI infrastructure growth trajectory. Management has guided FY2027 data center revenue growth to approximately 50% and FY2028 to approximately 55%, raising the full-year FY2028 revenue target to $16.5 billion. Bank of America's updated earnings model projects Marvell's FY2029 non-GAAP earnings per share to be approximately $10.02 – roughly three times the current non-GAAP tracking earnings. Risk factors include a tracking GAAP P/E ratio of approximately 66x, a Beta of approximately 2.25, and a high concentration of custom chip revenue with a few hyperscale customers. Marvell Technology, Inc. (NASDAQ: MRVL) is a Santa Clara, California-based data infrastructure semiconductor company. Its product portfolio includes custom AI chips (Application-Specific Integrated Circuits, or ASICs), optical interconnects, Ethernet solutions, and scale-out switches – the chips and systems that sustain the hyperscale operation of modern AI data centers. The company's business is divided into two main revenue categories: data centers and communications. As of Q1 FY2027, data center revenue reached $1.833 billion, accounting for 76% of Marvell's total revenue—a figure that clearly demonstrates the company's comprehensive shift towards AI infrastructure over the past few years. Communications and other businesses contributed $585.1 million in revenue, a 29% year-over-year increase, according to Marvell's official Q1 FY2027 press release released on May 27, 2026. In early 2026, Marvell completed two strategic acquisitions: Celestial AI (completed on February 2, 2026) and XConn Technologies—further strengthening its capabilities in optical connectivity and CXL memory interconnects, which management identifies as one of the fastest-growing opportunity areas in AI infrastructure.Marvell reported total revenue of $2.418 billion for the first quarter of FY2027—a company record, exceeding its midpoint guidance by $18 million and representing a 28% year-over-year increase, according to its SEC Form 8-K filing dated May 27, 2026. The single trading day following Marvell's Q1 FY2027 earnings release (May 27, 2026) saw the most concentrated stream of analyst upgrades in the stock's recent history. Almost all major coverage firms raised their price forecasts for Marvell Technology on May 28—many by double-digit percentages—and this breadth of consistency sends a clear signal of how institutions are currently positioning the stock. On May 28, 2026—the morning after the earnings release—Wall Street acted with unprecedented speed and consistency. Barclays analyst Tom O'Malley raised his price target from $150 to $275, maintaining an overweight rating—an 83% increase from a single research report, according to TipRanks. Bank of America analyst Vivek Arya raised his price target to $240 from $200, maintaining a buy rating. Other notable upward revisions as of May 28, 2026, according to TipRanks, include: KeyBanc Capital Markets to $260, Oppenheimer to $250, B. Riley, Wells Fargo, and Rosenblatt each to $240, Raymond James to $235, UBS and Stifel each to $230, Citigroup to $225, and Morgan Stanley to $195. The gap between the most optimistic and most conservative Marvell stock price forecasts is quite large—around $120—but this gap has nothing to do with disagreements about Marvell's business fundamentals. HSBC holds the most bullish target price of $300, released on May 26, 2026; Goldman Sachs holds the most conservative buy target price of $180 – revised upward from $125 on May 28, 2026. Most institutional target prices are concentrated between $225 and $250, reflecting an overall bullish market, but the actual differences reflect a genuine divergence in valuation multipliers. Marvell management provided specific product-level forward guidance during the FY2027 Q1 earnings call. For FY2027 Q2, management guided net revenue to $2.7 billion, plus or minus 5% – approximately 12% sequential growth from the record Q1. Management stated that revenue growth is expected to "continue to accelerate" in the remaining quarters of FY2027. The FY2027 and FY2028 targets for each product line include: data center revenue is expected to increase by approximately 50% in FY2027 and approximately 55% in FY2028; scale-out switches are expected to generate annualized revenue of over $1 billion in FY2028; custom chips are expected to more than double in FY2028; and the total revenue target for FY2028 has been raised to $16.5 billion.For investors with a longer time horizon, the most detailed earnings framework for Marvell's stock price projection up to 2030 comes from the updated model released by Bank of America on May 28, 2026. Bank of America analyst Vivek Arya raised his EPS forecast, with a FY2029 non-GAAP earnings per share target of approximately $10.02—about three times Marvell's current non-GAAP tracking earnings. Marvell management indicated in the FY2027 Q1 earnings call that custom chip revenue is expected to exceed $10 billion by FY2029. As of June 2026, MRVL's tracking GAAP P/E ratio is approximately 66 times, and according to market data—at this premium valuation, there is virtually no margin for error, even for minor execution mistakes. Custom chip revenue is concentrated in a few hyperscale customers, meaning that any delays in plans from a single major customer or cuts in AI infrastructure spending could have a disproportionate impact on Marvell's quarterly results and Marvell Technology's stock price projections. MRVL's Beta is approximately 2.25, meaning the stock is likely to amplify its movements in both directions of market volatility. Marvell Technology is in an unusual position: record revenue, an upwardly revised full-year outlook, and a Wall Street consensus largely aligned on its directional outlook. The consensus points to considerable upside potential relative to today's all-time high, but the gap between the $180 and $300 price targets reflects real uncertainty regarding valuation and execution. If you wish to act based on your own research and analysis of MRVL's prospects, MEXC offers corresponding trading tools—putting the decision in your hands, based on your own risk assessment. [MEXC]