Marvell Technology stock up 130% year-to-date; Wall Street consensus price target of $177 lags current price, with highest target at $300.

Marvell Technology reported Q4 FY2026 revenue of $2.22 billion, up 22% year over year, driven by Data Center business growth. The stock has gained 130% year-to-date through May 22, 2026, and 225% over the past year.

CEO Matt Murphy stated that AI now represents the majority of data center revenue, with custom AI design activity at an all-time high involving over 50 opportunities across more than 10 customers. The company designs custom silicon and networking chips (including custom AI XPUs and optical modules) for hyperscaler data centers.

Wall Street consensus price target stands at $177, below the current price; the highest analyst target is $300. There are 24 Buy ratings, 4 Hold ratings, and zero Sell ratings. Marvell trades at a forward P/E of 51x on roughly $3.85 in FY2027 EPS, or roughly 35x FY2028 earnings.