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MRVL earns a BUY with a $282 price target as custom silicon revenue is set to more than double in fiscal 2028, supporting a $354 bull case.
AVGO trades at 19x and NVDA at 25x forward earnings, making MRVL's implied 68x P/E aggressive yet justified by a faster growth trajectory.
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Our Marvell Technology (NASDAQ:MRVL) price target lands well above where shares closed Tuesday, and the setup into October's Investor Day looks constructive. With AI infrastructure spending accelerating and custom silicon revenue set to more than double next year, the risk/reward still favors the bulls.