MRVL Marvell Technology, Inc.
bullish · high conviction $87.86 +0.19 (+0.2%)Evercore lifts MRVL to $155; optical interconnect bets deepen
Watch: Q1 FY2027 earnings splits—specifically whether Interconnect segment revenue confirms the 40% data-center guidance or signals demand saturation at current valuation premium.
Full analysis
Evercore ISI raised MRVL's price target to $155 from $133 on stronger-than-expected Q1 results and robust forward guidance, maintaining an Outperform rating. The company is sampling new coherent DSP products (COLORZ 1600 and 800) in H2 2026 built on Electra 2nm process. Marvell doubled down on optical networking strategy by leading Mojo Vision's Series B funding to develop micro-LED optical interconnect solutions for hyperscale data centers—a deliberate bet that coherent optical lanes are the infrastructure moat for AI cluster density. Insider activity shows mixed signals: multiple executives executed undisclosed transactions, while data center revenue momentum remains decelerating despite 36.8% YoY growth.
The $155 target on a forward 16.1x multiple signals analyst confidence that Marvell's optical interconnect roadmap (Electra, Libra, and now Mojo Vision's micro-LED tech) is cementing its position in the mission-critical AI infrastructure layer—not cyclical storage. Insider selling pressure against a 72.5% vol and -12.25% from high suggests the 16.6x forward PE already prices in 40% FY27 growth. Watch for evidence that new product sampling converts to production ramps by late 2026.
Evidence
Latest signals
Marvell Technology Inc. (MRVL) and Mojo Vision have entered a long-term collaboration announced on March 12, 2026, to develop micro-LED-based optical interconnect solutions designed for hyperscale and cloud data centers. Marvell led Mojo Vision's 2025 Series B financing as part of the partnership, aiming to create ultra-dense optical I/O technology that enhances data throughput, power efficiency, and latency for AI workloads. This innovation targets scalable, high-bandwidth, cost-effective, and manufacturable interconnect architecture that integrates electrical circuitry, micro-LED emitters, and fiber bundles for terabit-scale data transmission.
5 key facts
- Partnership announced on March 12, 2026
- Marvell Technology led investment in Mojo Vision's 2025 Series B financing
- Development of micro-LED-based optical interconnect solutions
- Technology supports thousands of optical lanes in a footprint as small as a grain of sand
Evercore ISI analyst Mark Lipacis upgraded Marvell Technology (MRVL) by raising the price target to $155 from $133 while maintaining an Outperform rating following stronger-than-expected Q1 results and robust guidance. Marvell also expanded its product lineup with the introduction of the COLORZ 1600 and COLORZ 800 products featuring advanced Electra 2nm coherent DSP technology, targeting hyperscale AI and cloud data centers. Sampling of these new products is expected in the second half of 2026, supporting Marvell's leadership in next-generation data center interconnect technologies.
5 key facts
- Evercore ISI price target raised for MRVL to $155 from $133
- Evercore ISI maintained Outperform rating on MRVL
- MRVL reported stronger-than-expected January quarter results
- MRVL introduced COLORZ 1600 and COLORZ 800 pluggables with Electra 2nm coherent DSP