Marvell Technology Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Marvell Technology, Inc. (NASDAQ:MRVL) will release its second earnings report after the closing bell on Thursday, Aug. 27.
Analysts expect the Wilmington, Delaware-based company to report quarterly earnings of 93 cents per share, up from 67 cents per share in the year-ago period. The consensus estimate for MRVL’s quarterly revenue is $2.71 billion. It reported $2.01 billion last year, according to Benzinga Pro.
On Aug. 19, Marvell announced a sweeping custom chip agreement with Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) that could sharply expand its role in Google’s artificial intelligence infrastructure.
Marvell Technology shares gained 2% to close at $245.11 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Susquehanna analyst Christopher Rolland maintained a Positive rating and boosted the price target from $230 to $265 on Aug. 25, 2026. This analyst has an accuracy rate of 81%.
- Rosenblatt analyst Sajal Dogra maintained a Buy rating and boosted the price target from $240 to $300 on Aug. 25, 2026. This analyst has an accuracy rate of 54%.
- Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating and raised the price target from $195 to $224 on Aug. 24, 2026. This analyst has an accuracy rate of 83%.
- Wells Fargo analyst Aaron Rakers maintained an Overweight rating and boosted the price target from $240 to $310 on Aug. 24, 2026. This analyst has an accuracy rate of 88%.
- Citigroup analyst Atif Malik maintained a Buy rating and increased the price target from $225 to $275 on Aug. 21, 2026. This analyst has an accuracy rate of 86%.
Considering buying MRVL stock? Here’s what analysts think:
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