Marvell heads into fiscal Q2 report with record analyst price targets

Marvell Technology is approaching its fiscal Q2 2027 earnings report, scheduled for Aug. 27 after the market close, with analysts raising price targets on expectations that AI networking demand and its Google custom-chip agreement will drive stronger results and guidance. Susquehanna lifted its target to $265 from $230, while targets from Rosenblatt, Wells Fargo and UBS reached as high as $310. Consensus estimates call for revenue of $2.71 billion, up 35% from a year earlier, and adjusted earnings per share of $0.93. Data center revenue, which represented 76% of first-quarter sales, remains the main growth engine. The stock gained about 5% on Tuesday and is up nearly 180% this year, leaving it valued at roughly 17 times forward sales and 74 times forward earnings. Options markets imply an approximately 11.3% post-earnings move in either direction.

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