Vandita Jadeja
5 min read
Quick Read
-
Marvell (MRVL) shares have fallen 39% in a month, yet 24/7 Wall St. sets a $232 target, implying 38% upside and a BUY rating.
-
Marvell’s all-stock Lumentum (LITE) deal triggered the selloff, even as Q2 revenue jumped 37% and Data Center grew 46%.
-
Broadcom (AVGO) shows how big custom silicon can get, with AI chip revenue up 221%, and Marvell trades at just 28 times forward earnings.
-
Building a portfolio and living off one are two completely different skills, and almost nobody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Our 24/7 Wall St. price target for Marvell Technology (NASDAQ:MRVL) is $232.41. That implies 37.69% upside from the $168.80 close. The model rates the stock a buy with high confidence.
24/7 Wall St. Price Target Summary
Marvell’s fundamentals are speeding up while its stock falls. Management raised its fiscal 2028 revenue outlook to about $18 billion, and a custom silicon agreement with Google could lift fiscal 2029 results well above current models. That gap is where the opportunity lies.
Lumentum Megadeal Sparks a Sharp Monthly Slide
Shares fell 39.04% over the past month but remain up 91.03% year to date. They traded at $162.07 premarket. The last close stands 48.8% below the 52-week high of $329.73.
The selloff deepened after Marvell agreed on November 2, 2026 to acquire optical components maker Lumentum (NASDAQ:LITE) in an all-stock deal. Barron’s reported that the deal put both stocks on track for historically bad weeks.
The operating results look much better than the stock chart. Q2 fiscal 2027 revenue reached $2.7393B, up 36.55% YoY and ahead of the $2.7068B consensus. Non-GAAP EPS of $0.94 beat the $0.9289 estimate, extending a 4-quarter beat streak. Data Center revenue grew 46% and now makes up 79% of sales.
——
Now Available: The Definitive Guide to Retirement Income
Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years.
That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here ›
