This chip stock has more than tripled in the past year. Analysts say buy more after latest earnings

Marvell Technology momentum from the past 12 months will only grow from here, several analysts on Wall Street indicated after the chipmaker posted its latest quarterly report. The semiconductor company reported fiscal 2027 first-quarter earnings and revenue that beat consensus estimates. Marvell also issued better-than-expected data center revenue guidance for fiscal Q2 and a profit forecast above expectations. And even though the stock was down 3% in the premarket, several analysts on Wall Street reiterated their buy-equivalent ratings raised their price targets on Marvell, expecting it to build on its sharp gains from the past year: Citi: price target hiked to $225 from $215 — 15% upside from Wednesday's close Deutsche Bank: price target to $240 from $120 — 20.8% upside UBS: $230 from $195 — 15.8% upside Bank of America: $240 from $200 Barclays: $275 from $150 — 38.4% upside "MRVL delivered another solid beat/raise and walked numbers up yet again. Even so, there still seems to be gas left in the tank," UBS analyst Timothy Arcuri wrote to clients. "We continue to view MRVL's networking and optical portfolio as uniquely differentiated and see a path for further upside as demand builds." The stock has been on a tear of late. Over the past 12 months, it's up 207.6%. It has also soared 133.8% in 2026, as data center demand for artificial intelligence shows no signs of slowing. MRVL 1Y mountain MRVL 1-yr Not everyone on the Street was as upbeat following the report, however. …