Stifel raised its Marvell Technology (MRVL) price target to $321 from $230. The investment bank maintained its Buy rating on the stock.
The revision follows a keynote speech by Marvell’s CEO at the COMPUTEX 2026 conference. Stifel noted the presentation increased market confidence in the company’s role within the AI and data center ecosystem.
Marvell provides essential AI infrastructure, including optical interconnects, custom silicon, and advanced switches. This upgrade follows a recent endorsement from Nvidia’s CEO that fueled a significant stock rally.