Seaport Global initiated coverage of Marvell Technology (NASDAQGS:MRVL) with a ‘Buy’ recommendation on September 23, 2026. Following a pre-action close of $262.36 on September 22, Marvell’s latest recorded close was $260.90.
The company’s recent earnings report, released on August 27, 2026, revealed actual revenue of $2.74 billion, slightly below the estimated $2.77 billion. For the same quarter, the earnings per share (EPS) were reported at 0.94, compared to the estimated 0.9428, leading to an earnings surprise of -0.30%.
As of September 15, 2026, consensus target estimates for Marvell stood at a mean of $285.90, reflecting a +9.58% increase from the previous target of $269.75. This positive outlook is supported by a total of 50 recommendations, with 86.0% categorized as ‘strong buy’ or ‘buy.’
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