Wall Street investment bank Stifel significantly raises MRVL's price target to $321

BlockBeats News, June 3rd, Wall Street investment bank Stifel has raised its rating on Marvell Technology (MRVL) in its latest research report. Analyst Tore Svanberg significantly increased the target price from $230 to $321 and maintained a Buy rating.

The analyst stated that Marvell CEO Matt Murphy delivered a keynote speech titled "The Future of AI Depends on Connectivity" at COMPUTEX 2026, which "largely aligns with previously disclosed information." However, this high-profile event has significantly enhanced the market's recognition of Marvell's position in the data center and AI ecosystem.

The analyst emphasized Marvell's leading layout in AI data center optical interconnect, silicon photonics, custom silicon (XPU), and switches (such as the 102.4 Tbps Teralynx T100), which are precisely the "biggest bottleneck after computing power" in the GPU scale-up era. The deep collaboration with NVIDIA's NVLink Fusion (NVIDIA had previously made a strategic $2 billion investment) has further amplified in the market, validating Marvell's long-term growth story.

Following this upgrade, MRVL's stock price soared by 25-32% during intraday/after-hours trading on June 2nd, eventually closing at $290. After-hours, it rose by an additional 9.64%, briefly exceeding the $320 target price, and is now trading at $318.83.