Opinions The Panic-Proof Portfolio (Stockchase Research)
Marvell Technology GroupMRVLTOP PICKSep 22, 2026
Stock price when the opinion was issued
As of Oct 30, 2026. Market Open.
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He wouldn't be surprised if they announced on Monday a deal to buy Lumentum, which would be one of the largest tech deals ever. MRVL shares have been higher since the CEO held an analysts' meeting on Oct. 6 to announce plans to dominate the fibre (optic) portion of the data centre, with fibre inevitably replacing copper.
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Premium contentThe Google chip deal is typical--the hyperscalers want customized chips. If Marvell builds the relationship with Google, will Google turn to Marvell for silicon purchases. This would hurt Broadcom. It's a good deal; it will lead to future purchases.
Joe TerranovaPremium contentWe reiterate MRVL, a play on data center growth, as a TOP PICK. Microsoft is rumoured to include the company's semiconductor technology in their next big AI rollout. It currently shows strong cash flows and rising cash reserves - albeit with rising debt and shares. We continue to recommend a stop at $170, looking to achieve $272 -- upside potential of 26%. Yield 0.1%
(Analysts’ price target is $268.57)Premium contentMRVL is a play on data center growth. The company projects over 50% annual growth in this business segment over the next two fiscal years. "It provides the plumbing for data centers" coined one analyst, and it provides a suite of products in its application. It currently shows strong cash flows and rising cash reserves. We recommend setting a stop-loss at $170, looking to achieve $265 -- upside potential of 26%. Yield 0.1%
(Analysts’ price target is $264.77)Still owns it. Be careful which tech stocks you own now--some are slumping, some not. Marvell has $10 of earnings power by 2027. NVDA invested in them. Their optical business is poised to grow 50% the next few years. Their custom ASIC business-- they have an 80% market share with Broadcom--is expected to grow from 20% to 100% share. Is up 218% this year and trades at 27x, not cheap, but it is growing.
AVGO is like the smaller cousin of NVDA. Built GOOG's AI program, increasingly making waves with Anthropic (owns Claude). Interesting, but not a shoot-the-lights-out opportunity. He'd buy.
MRVL is trying to take a share of the chips that go into GOOG, and is already involved with AMZN cloud. Be careful. It's not a given that it's a capable designer of cutting-edge chips. Coin flip. We've been fooled before.
NVDA is actually more interesting than both.
We reiterate MRVL as a TOP PICK. The company will demonstrate its industry-first ultra fast optic reader connection technology. An element expected to be adopted into data centers globally. We like that cash reserves are growing, while the company buys back shares and retires debt. We continue to recommend a stop at $187, looking to achieve $311 -- upside potential of 18%. Yield 0.1%
(Analysts’ price target is $294.52)