Options Market Predicts Marvell Tech Could Hit $300

Options traders have been buzzing about Marvell Technology's upcoming earnings report. They strongly suspect the custom AI chip maker could surge toward $300 soon. According to Barchart, analysts project the company will earn $0.65 per share in its second fiscal quarter. This figure would mark a 30 percent increase compared to the previous year. Currently, the stock trades nearly triple its starting price from earlier this year.

Nvidia just delivered a stunning Q2 performance, which has fueled excitement throughout the market. With AI investment remaining robust, derivatives experts now believe Marvell will prove that capital expenditure is creating genuine demand for its networking and optical solutions. The put-call ratio on August expiration contracts stands at 0.82, signaling that traders anticipate the shares will climb after the earnings announcement. High-end options contracts further hint that Marvell could easily reach $300 within the next three months.

Even top-tier Wall Street firms haven't shifted their stance. The prevailing rating continues as "Strong Buy," with a median price target hovering around $279. Such figures imply a possible rally exceeding 15 percent through late 2026. Technical markers support this view—the chipmaker sits comfortably above its primary moving averages, and the RSI reading indicates intense buying pressure. Though the forward P/E ratio sits near 78 times, the company's growth trajectory and substantial institutional ownership provide important counterbalance.

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