Marvell Technology has gained more than 200% in the past 12 months. It just reported record revenue, guided above expectations, and told investors that growth would accelerate every single quarter through the rest of the fiscal year.

For Barclays analyst Tom O’Malley, that was enough to nearly double his price target in a single note.

What Barclays changed and the numbers driving it

O’Malley raised his price target on Marvell Technology (MRVL) to $275 from $150 and maintained his overweight rating following the company’s Q1 FY2027 earnings release on May 27, according to TipRanks. That is an 83% increase in a single note, and the rationale is specific.

Barclays cited Marvell’s upward revision to its outlook for fiscal…