Benchmark analyst Cody Acree has maintained a Buy rating on Marvell Technology Group (NASDAQ: MRVL) with a $275 price target, citing near-term revenue alignment and longer-term growth tied to artificial intelligence demand.
The reiteration comes ahead of Marvell’s fiscal second-quarter 2027 earnings release, scheduled for after market close on August 27. Acree noted that while headline revenue and earnings-per-share figures are tightly clustered with consensus estimates, the company’s data center segment performance and upcoming guidance will be critical for investor sentiment.
Benchmark’s July quarter forecast projects revenue of $2.709 billion, within $5 million of the Street consensus of $2.714 billion, with earnings per share at $0.93, matching expectations. For the following quarter, the firm projects revenue of $3.030 billion, closely aligned with the $3.029 billion estimate, and EPS of $1.09 versus a consensus of $1.08.
The stock carries a market capitalization of $197 billion and reported 34% revenue growth over the last twelve months. Analysts at UBS raised their price target to $310 while maintaining a Buy rating, while Oppenheimer reiterated an Outperform rating. BMO Capital initiated coverage with an Outperform rating and a $250 target, and JPMorgan maintained an Overweight rating.
Marvell’s strategic relationship with Google remains a focal point. Barclays estimates a potential $120 billion revenue opportunity through fiscal 2033, assuming full exercise of warrants, translating to annual incremental revenue of $18.5 billion. Oppenheimer highlighted the inclusion of Google’s Tensor Processing Unit (TPU) in Marvell’s AI platform, while JPMorgan emphasized the long-term collaboration to develop custom chips for Google’s TPU ecosystem.
