Citi Lifts Price Target on Marvell Technology, Inc. (MRVL)

Citi Lifts Price Target on Marvell Technology, Inc. (MRVL) Fatima Gulzar Mon, May 25, 2026 at 8:06 PM GMT+2 1 min read MRVL Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 Best Performing Quantum Computing Stocks So Far in 2026 .

On May 21, Citi lifted its price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $215 from $118. The firm also retained a “Buy” rating on the shares ahead of the May 27 earnings report, noting solid earnings expectations and sustained demand for Trainium 2 ASICs.

Citi said demand remains high, leading to sustained strength in custom AI silicon, as the firm upgraded its projections. Separately, on April 22, Marvell Technology, Inc. (NASDAQ:MRVL)  announced the acquisition of Polariton Technologies.

The company added plasmonics-based silicon photonics to its portfolio, targeting higher bandwidth and power efficiency in next-generation optical interconnects. The deal plans to support scaling toward 3. 2T and beyond as AI workloads drive data center demand.

Citi Lifts Price Target on Marvell Technology, Inc. (MRVL) Source:unsplash President Data Center Group Marvell Technology, Inc. (NASDAQ:MRVL) Sandeep Bharathi said the acquisition “extends our optical roadmap.

” He added that it strengthens the corporation’s position in high-speed connectivity for evolving cloud and AI infrastructure. Marvell Technology, Inc. (NASDAQ:MRVL) works in the design, manufacturing, and sale of integrated circuits.

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