Marvell Technology shares surge as analysts boost outlook and options traders target the stock

Marvell Technology’s shares have risen 247% so far this year, propelled by growing demand for application‑specific integrated circuits and networking equipment in AI data centres. Analysts continue to rate the stock as a buy, forecasting 40% revenue growth in fiscal 2027 and a 20% increase in its custom AI processor segment. The firm projects annualised datacenter‑interconnect optical product revenue to double to $1 billion by fiscal 2028, while its switching product revenue is expected to exceed $1 billion in the next fiscal year. Despite a current price of about $305, the median 12‑month analyst target remains $240, reflecting concerns over its high price‑to‑earnings multiples.

In the options market, a large trader sold a block of Marvell call options with a $300 strike expiring in January 2028, collecting more than $15 million in premium. The trade, described as a structural top‑call, signals that some investors believe the recent rally may be losing momentum. Bank of America raised its price target for Marvell to $365 and maintained a buy rating, while other firms highlight the company’s role in the expanding optical networking market, projected to grow nine‑fold to $154 billion.