Marvell Stock Pops. Why Wall Street Sees Upside. -- Barrons.com

Dow Jones
May 14

By Anita Hamilton

While chip makers Intel and Micron have been getting all the love in recent days, Marvell got a nice bounce Wednesday after analysts at BofA and Goldman Sachs raised their price targets for it.

Marvell shares closed up 8.2% to $177.95, for a new record high. The stock is up more than 100% in 2026 on high demand for its chips and partnerships with Big Tech hyperscalers like Amazon and Microsoft. It has had 12 record closes in 2026, with the last one on May 6.

The maker of custom chips for artificial intelligence and optical-networking products looks well-positioned heading into its May 27 earnings, Goldman Sachs analysts wrote in a Wednesday note. A potential partnership with Google, higher capital spending by hyperscalers, and a stronger outlook for its optical networking business "should drive upside to the datacenter business," they added.

They also raised their 12-month price target to $125, up from the previous $100, while maintaining a Neutral rating.

Analysts at BofA were even more optimistic, raising their price target to $200 from $125 and calling Marvell a "top pick." While they also cited growth in Marvell's optical networking unit, they called out broad demand for the firm's custom chips and its conservative estimate for the ramp up of its deal with Microsoft to make such chips for its Azure cloud computing business.

All that makes the future look bright for Marvell, at least for now.

Write to Anita Hamilton at anita.hamilton@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 13, 2026 18:16 ET (22:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10