Bank of America Adjusts Marvell Stock Price Target Following Earnings Report
Following its Q1 fiscal year 2027 earnings report on May 27, Bank of America revised its price target for Marvell (MRVL). The stock closed up 3.09% at $204.03 and has surged 141% year to date, outperforming the S&P 500's 10.66%. Strong earnings results and positive developments in AI-related partnerships have driven Marvell’s performance.
