Rosenblatt Rates Marvell Technology (MRVL) buy, $240 Price Target
Analyst Kevin Cassidy reaffirms a buy rating for Marvell Technology, setting a price target of $240, a 17.11% downside from the current price.
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Rosenblatt rated Marvell Technology, Inc. ($MRVL) "buy" with a $240 price target on June 12, 2026.
Since the rating, $MRVL is up 10.1% after 1 week, down 22.2% after 1 month and down 18.5% to date (from the $279.57 close on Jun 12, 2026).
MRVL
Marvell Technology, Inc.
Key Points
- Rosenblatt analyst Kevin Cassidy reiterated a buy rating on Marvell Technology, Inc. (MRVL) with a target price of $240 on June 12, 2026.
- Rosenblatt's $240 price target implies 17.11% downside from Marvell Technology, Inc.'s ($MRVL) current $289.54 share price.
- Marvell's shares closed at $289.54, well above the 50-day moving average of $240.70, indicating strong recent performance.
- The consensus among analysts is strong, with a target mean price of $339.36 from 44 opinions.
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Analysts Set New Price Targets
Rosenblatt analyst Kevin Cassidy reiterated a buy rating on Marvell Technology, Inc. (MRVL) on June 12, 2026, setting a target price of $240. This update comes as the stock trades at $289.54 on the NasdaqGS.
Comparing Wall Street's Views
Cassidy's reaffirmation aligns with a generally positive outlook from other analysts. On October 7, 2026, UBS, Jefferies, JP Morgan, and others maintained their ratings, with target prices ranging from $300 to $450. This collective support suggests strong confidence in Marvell's growth potential.
How Marvell Technology, Inc. Stock Has Traded
Marvell's current share price of $289.54 is significantly higher than its 50-day moving average of $240.70, reflecting robust investor sentiment. The stock has seen a high of $329.88 and a low of $70.69 over the past year, indicating considerable volatility but also strong recovery.
$MRVL price target
Marvell Technology, Inc. daily closes and this analyst's $240 target. Not advice.
Insider Buying and Selling at Marvell Technology, Inc.
On June 25, 2026, two insiders bought shares of Marvell Technology. Sara Andrews purchased 1,034 shares, and Rajiv Ramaswami acquired 3,082 shares. These transactions suggest confidence from company leadership at a time of market fluctuations.
What Marvell Technology, Inc. Does
Marvell Technology, Inc. develops semiconductor solutions for data infrastructure, serving various markets including data centers and communications. Its broad product portfolio includes Ethernet solutions and custom integrated circuits, positioning it well for future growth.
What’s Next for Marvell
Marvell's next earnings report is scheduled for December 1, 2026. Investors will be watching closely for updates that may impact the stock's trajectory. As a reminder, the 13F filings reflect past holdings and may not represent current positions.
Related Filing Alerts
Source: Rosenblatt's rating change on $MRVL (Jun 12, 2026). Written by software, not financial advice. How we make alerts