Marvell Technology (MRVL) Stock Forecast & Price Target

Marvell Technology's strong position in the market is underscored by its expected growth in the switching segment, which is projected to exceed the +18% year-over-year growth target in FY27. This growth aligns with anticipated expansion in hyperscaler capital expenditures, further supporting the company's positive outlook within the data center segment. Additionally, the optical business is expected to maintain momentum, continuing a trend of exceeding annual capex growth rates over the past several years, indicating robust demand in key end markets.

Marvell Technology faces several significant risks that contribute to a negative outlook on its stock, including a potential accelerated decline in the hard disk drive (HDD) market and growing competition in the solid-state drive (SSD) controller sector. Furthermore, the company struggles with limited traction in critical growth markets such as 5G, cloud computing, and automotive applications, alongside challenges in penetrating the hyperscale data center market with its Ethernet switch and physical layer solutions. Additionally, Marvell's financial performance is threatened by high customer and end-market concentration as well as the complexities associated with integrating recent acquisitions.