Marvell Technology stock: Evercore cuts target to USD 275.00 on October 8, 2026

Published on 10/22/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 2.74 billion, up 36.50 percent. Marvell Technology stock costs EUR 202.23 on October 22, 2026, 27.00 percent below its 52-week high.

Evercore target cut

Evercore cut its Marvell Technology target from USD 433.00 to USD 275.00 on October 8, 2026.
Fiscal second-quarter 2027 revenue reached USD 2.74 billion, up 36.50 percent year over year.
Marvell Technology stock costs EUR 202.23 at Lang & Schwarz on October 22, 2026 at 5:03 p.m. CEST, 27.00 percent below the EUR 277.00 52-week high.
Marvell lists an ISIG Executive Summit on October 27, 2026 and an AI Networking Summit on October 28, 2026.

Geometrisches Bauhaus-Poster in Rot, Gelb und Blau mit dem Wort TECH und Schaltkreis-Motiven — Bauhaus-Poster mit geometrischen Formen und Schriftzug TECH steht sinnbildlich für Marvell Technology, ISIN US5738741041, Illustration mit AI erstellt.

Evercore ISI cut its Marvell Technology price target from USD 433.00 to USD 275.00 on October 8, 2026, according to MarketScreener. The reduction contrasts with a broader analyst consensus of 46 analysts and an average target of USD 341.63 on the same page. At Lang & Schwarz, Marvell Technology was trading at EUR 202.23 on October 22, 2026 at 5:03 p.m. CEST.

Revenue growth remains substantial

Marvell reported USD 2.74 billion in revenue for the second quarter of fiscal 2027, up 36.50 percent from the prior-year quarter. XTB reported that data-center revenue rose 46.00 percent year over year to USD 2.17 billion and represented 79.00 percent of sales. The figures explain why long-term targets remain central to the valuation debate, even after the Evercore reduction.

How far is the stock from its high?

The euro quote of EUR 202.23 stands 27.00 percent below the EUR 277.00 52-week high cited for the German listing on October 21, 2026. The same quote was 3.20 times above the EUR 62.44 52-week low, placing the stock closer to its upper range than its lower boundary despite the latest intraday level.

Valuation and upcoming dates

Marvell's USD 197.7 billion market capitalization and trailing P/E of 74.90 show that the market still prices in substantial future growth. Marvell's website lists an ISIG Executive Summit for October 27, 2026 and an AI Networking Summit for October 28, 2026, while its investor events page also identifies the October 20 PECC Summit as completed.

The valuation leaves execution as the central counterweight to the growth figures. XTB noted that Marvell's fiscal 2027 revenue expectation was USD 12.00 billion and its fiscal 2031 framework was USD 70.00 billion to USD 90.00 billion, while also highlighting customer concentration, supply constraints and the risk of slower data-center spending.

The current euro quote

Marvell Technology's Nasdaq listing remains tied to an ambitious AI infrastructure investment case, but the latest analyst action shows that targets can move sharply even while operating figures expand. The distance between the EUR 202.23 quote and the EUR 277.00 high provides a market frame; the revenue and segment figures provide the operating frame. The further course of trading is shown by the continuously updated real-time quote of Marvell Technology stock.