---
title: "Marvell Price Target Gets Boost as Rally Looks Like It's Just Getting Started"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301313524.md"
description: "Marvell Technology (MRVL) shares surged to a three-month high, driven by raised revenue projections of $20 billion for FY2028 and $70-90 billion by FY2031. Analysts from RBC Capital, Piper Sandler, and TD Cowen significantly boosted price targets to between $350 and $425, citing strong AI demand. The stock has gained 156% over six months, with technical analysis suggesting a breakout toward $350."
datetime: "2026-10-08T18:52:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301313524.md)
  - [en](https://longbridge.com/en/news/301313524.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301313524.md)
generator: "portal-rs"
---

# Marvell Price Target Gets Boost as Rally Looks Like It's Just Getting Started

Marvell Technology (MRVL) reached a three-month high earlier this week. Shares of the AI-focused semiconductor manufacturer have now gained 24% over the past month and 156% over the past six months.

The stock surged after Marvell raised its revenue projection from $18 billion to $20 billion for Fiscal year 2028. The company says it's targeting $70 billion to $90 billion in revenue by Fiscal Year 2031. 

In Fiscal year 2026, the company brought in a record $8.2 billion in revenue. According to Marvell's new projections, the company could 10X that figure in less than five years. 

For the full year ending on Jan. 31, Marvell earned $2.84 per share. The company expects to make 10 times that figure, projecting earnings of $30 per share by Fiscal 2031. 

## **Analysts Weigh In**

Analysts responded to the news. RBC Capital now sees Marvell headed to $425, a gain of about 50% from Wednesday's closing price. Piper Sandler raised its target price from $270 to $400. TD Cowen upgraded the stock to a buy rating, with a $350 target price. 

Earlier this year, Nvidia (NVDA) CEO Jensen Huang predicted that Marvell would eventually reach a market capitalization of $1 trillion. Marvell's current market cap is approximately one-quarter of a trillion. If the number of shares in circulation remains constant, the stock would need to rise to $1,130 in order to achieve that milestone. 

## **Charting Marvell Technology**

Technically, Marvell has broken out of a cup-and-handle pattern (shaded yellow). That bullish pattern projects the stock to the $350 area, which would put Marvell at a new all-time high. The only obstacle in Marvell's path is resistance in the vicinity of the stock's current all-time high, just below $330 (black dotted line).

### Related Stocks

- [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md)
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- [MVLL.US](https://longbridge.com/en/quote/MVLL.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)

## Related News & Research

- [Sax Wealth Advisors LLC Makes New Investment in Marvell Technology, Inc. $MRVL](https://longbridge.com/en/news/301740296.md)
- [Fantastic News for Marvell Stock Investors](https://longbridge.com/en/news/302002479.md)
- [Marvell Technology Just Gave Its Investors Great News](https://longbridge.com/en/news/301737280.md)
- [Analysts just issued a huge prediction for Marvell stock](https://longbridge.com/en/news/301862730.md)
- [Marvell Technology Chairman and CEO Matthew J. Murphy Reports Disposal of $4.5 Million in Common Shares](https://longbridge.com/en/news/302143512.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**