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MRVL

Marvell Technology Group Ltd

NASDAQ: MRVL · TECHNOLOGY · SEMICONDUCTORS

$156.57
+2.18% today

Updated 2026-04-29

Market cap
$143.68B
P/E ratio
53.52
P/S ratio
17.53x
EPS (TTM)
$3.07
Dividend yield
0.14%
52W range
$54 – $171
Volume
24.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Marvell Technology Group Ltd (MRVL) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$156.57
Consensus
$116,340.00
+74205.42%
2030 Target
$310.62
+98.39%
DCF
—
—
32 analysts:
9 Buy8 Hold0 Sell

Management guidance

Management guided to strong FY2027 revenue growth driven by AI data center demand. Company reported FY2026 revenue of $8.19B (42.09% YoY growth) with data center segment reaching $6.1B (46.5% YoY growth). No specific revenue targets disclosed for 2027-2030, but CEO commentary indicates sustained acceleration in interconnect, switching, and custom silicon for AI infrastructure through 2028.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$524.84
$22.7B Rev × 20x P/S
Base case (2030)
$310.62
$22.7B Rev × 12x P/S
Bear case (2030)
$203.51
$22.7B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2029 (E)2030 (E)
Revenue$5.5B$5.8B$8.2B$12.8B$19.2B$22.7B
Revenue growth—4.7%42.1%26.1%20.8%17.9%
EPS$1.51$2.05$4.29$4.25$6.05$6.85
P/S ratio———12.0x12.0x12.0x
Implied price———$182.09$267.77$310.62

Catalysts & risks

Growth catalysts
+ Nvidia $2B investment and strategic partnership on AI infrastructure, custom XPUs, NVLink Fusion, and silicon photonics
+ Celestial AI acquisition adding photonic fabric technology for AI data center interconnects
+ Launch of 260-lane PCIe 6.0 and CXL switches enabling memory pooling for AI clusters
+ Data center segment TAM expansion as hyperscalers (AWS, Azure, Google) scale AI deployments
+ Agentic AI adoption driving demand for specialized interconnect and custom silicon
+ 5G/6G AI-RAN infrastructure buildout creating new revenue stream
Key risks
- Heavy customer concentration risk: Data center revenue reliant on small number of hyperscalers
- Geopolitical uncertainty impacting semiconductor supply chain and China exposure
- Aggressive insider selling ($9.75M in last 90 days) signals potential valuation concerns
- Competition from AMD, Intel, and specialized AI chip makers in data center segment
- AI capex spending may decelerate if hyperscalers reduce deployment pace
- Valuation elevated at 34.8x P/E with some DCF models suggesting overvaluation at current prices

Methodology

Marvell Technology Group Ltd's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 32 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.