Marvell Technology Shares Target $110 as Key Earnings Approach

With quarterly results imminent, Marvell Technology finds itself in the spotlight following significant analyst endorsement and substantial institutional accumulation. UBS has aggressively raised its price target to $110, creating heightened expectations just days before the semiconductor firm discloses its financial performance.

Recent Saturday filings revealed major institutional players are substantially increasing their Marvell Technology holdings. Russell Investments Group expanded its position by approximately 26.6%, while Nordea Investment Management boosted its stake by more than 48%. These substantial acquisitions suggest professional investors are positioning for long-term growth driven by artificial intelligence infrastructure demands.

The chipmaker's shares recently advanced nearly 2% to reach $89.40, reflecting growing market anticipation. The $110 price target from UBS implies potential upside exceeding 20% from current levels, though this optimistic projection faces immediate validation when the company reports earnings.

UBS Elevates Expectations on AI and Optical Strength

Investment firm UBS revised its Marvell Technology price objective upward from $105 to $110 this past Saturday, maintaining its buy recommendation. Analysts cited the company's strategic positioning within the artificial intelligence and data center expansion as primary catalysts.

Two specific growth drivers highlighted in the research note include:

Should investors sell immediately? Or is it worth buying Marvell Technology?

• Optical networking: Accelerating demand for optical connectivity solutions supporting GPU cluster systems
• Microsoft partnership: Expected revenue contribution beginning late 2026 from custom chip development for the technology giant

UBS researchers project fourth-quarter revenue could reach $2.2 billion, surpassing consensus estimates of approximately $2.175 billion. This elevated forecast establishes a challenging benchmark for the upcoming guidance.

December 2nd Report: Execution Meets Expectations

The moment of truth arrives Tuesday, December 2nd, 2025, when Marvell Technology discloses third-quarter results for fiscal year 2026. Market consensus anticipates earnings per share of $0.75, representing substantial 74% year-over-year growth. Revenue projections hover around $2.06 billion.

Beyond the quarterly figures, investor focus will center on forward guidance and whether management can substantiate the artificial intelligence and high-speed optical connectivity narrative with concrete financial projections. The recent stock appreciation suggests the market has already priced in strong execution, leaving little room for disappointment.

The semiconductor specialist stands at a critical juncture, with institutional backing and analyst optimism creating both opportunity and elevated risk. Whether Marvell Technology can capitalize on its strategic positioning in artificial intelligence infrastructure will become clearer when the company reveals its hand this coming week.