Marvell Price Target Vaults to $195 at Wells Fargo on AWS Trainium and Custom Silicon Momentum

Wells Fargo raised its Marvell Technology price target to $195 from $135 and reiterated an Overweight rating, citing AWS Trainium deployment and expanding custom silicon momentum. Oppenheimer raised its target to $200 from $170 and kept an Outperform rating ahead of quarterly results. Both firms tied the bullish outlook to AI infrastructure demand, including AI networking and custom ASIC as cloud service providers scale data center buildouts. Wells Fargo highlighted three pillars: AWS Trainium deployment, XPU-attach ramp, and continued interconnect momentum, while noting valuation risk into Q1 2027 earnings. Marvell designs custom ASICs, DPUs, and optical interconnect products for AI clusters in hyperscale data centers, reporting record revenue of $2.075 billion and strong data center growth.

"Wells Fargo built its bull case on three pillars: AWS Trainium deployment, XPU-attach ramp, and continued interconnect momentum. The firm acknowledged the setup isn't pristine, flagging that Marvell's more than 30 times 2027 price-to-earnings makes for a tougher set-up into the Q1 2027 earnings report, but argued the growth pipeline supports a bullish stance."

"Oppenheimer's Schafer pointed in the same direction on Marvell, telling clients he sees upside to Q1 results and the Q2 outlook, led by AI networking and custom ASIC as cloud service providers continue to scale data center buildouts. The agreement between the two firms tightens consensus around hyperscaler custom silicon."

"Wells Fargo delivered one of the most aggressive price target revisions on a major AI semiconductor name this quarter. The firm raised its price target on Marvell Technology ( NASDAQ:MRVL | MRVL Price Prediction) to $195 from $135 and reiterated an Overweight rating, anchoring the call on AWS Trainium deployment and broadening custom silicon momentum."

"Marvell designs custom ASICs, DPUs, and optical interconnect products for AI clusters inside hyperscale data centers. The most recent quarter showed record revenue of $2.075 billion, up 37% year over year (YoY), with data center revenue of $1.518 billion, representing 73% of total revenue."

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