Marvell Technology (MRVL) shares rose approximately 2.5% in pre-market trading on May 22, 2026.
Stifel increased its price target for the semiconductor firm to $210 from $140.
The firm maintains a Buy rating on the stock.
Stifel expects Marvell to exceed April quarter revenue estimates through its data center business.
Strong demand for optical interconnects and custom silicon solutions (XPU) for AI and cloud infrastructure drive this growth.
The analyst anticipates a beat-and-raise report when the company announces quarterly results on May 27.