# Oppenheimer raised its Marvell price forecast to $200 from $170 and maintained an Outperform rating.

*semiconductor · news · 2026-05-22 · Benzinga*

## Key points

- Oppenheimer and RBC Capital both raised Marvell's price target to $200, citing AI networking growth.
- Marvell's optics business has compounded at 50% annually and may grow over 60% this year.
- Wells Fargo highlighted AWS Trainium expansion as a major driver for Marvell's future Custom XPU revenue.
- Marvell's next earnings estimate is $0.75 EPS and $2.4B revenue, both up year-over-year.
- Marvell is trading at a 62.1x P/E, indicating a premium valuation versus peers.

**Companies:** Marvell Technology, Inc.

[Read the full story on Benzinga](https://www.benzinga.com/analyst-stock-ratings/reiteration/26/05/52752778/what-is-going-on-with-marvell-stock-on-friday)

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