Marvell Technology Fell Hard Over 3 Months: It Has Momentum and a Wall Street Pro’s Confidence That 78% Gains are Coming

MRVL fell 20% in three months despite 37% revenue growth and data center sales up 46%, signaling a positioning-driven selloff rather than a fundamental breakdown.

KeyBanc's John Vinh targets $400 for MRVL, implying 64% upside, backed by zero sell ratings among 44 analysts and 31 upward EPS revisions in seven days.

AVGO and NVDA held flat or gained while MRVL sold off, framing the pullback as stock-specific digestion rather than a broader AI sector retreat.

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Marvell Technology ( NASDAQ:MRVL ) currently trades at $244.25, while the average Wall Street price target sits at $289.04, an implied upside gap of roughly 18%.

Marvell designs the custom AI silicon and high-speed optical interconnects that hyperscalers depend on to move data inside their AI clusters. That positioning just earned the company an expanded custom-chip partnership with Google, complete with a warrant allowing Google to acquire up to 7% of Marvell shares tied to revenue milestones.

Marvell just posted 37% year-over-year revenue growth and raised guidance twice, yet the stock has slid over the past three months. One analyst thinks the reset is a gift, calling for gains that dwarf the consensus.

A Data Center Darling Gave Back Its Summer Rally

Marvell fell 20.64% over the past three months, sliding from $307.78 to $244.25. The pullback followed a scorching first-half run that still leaves shares up 187.84% in 2026.

Profit-taking and valuation drove the drop. Shares hit a 52-week high of $329.80, then rolled over as AI infrastructure names traded lower and investors flagged customer concentration risk. Marvell's Q2 fiscal 2027 earnings report beat both revenue and EPS estimates, but the reaction was muted because expectations had run far ahead of the release.

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