Morgan Stanley: Marvell FY31 EPS guidance exceeds $30, raising the growth threshold

According to Chaowang Research, a Morgan Stanley research report dated October 7, 2026 states that Marvell's Investor Day outlined an FY31 revenue target of $70 billion to $90 billion, with a midpoint of $77.5 billion, and non-GAAP EPS exceeding $30. FY28 revenue guidance was raised from $18 billion to $20 billion. Morgan Stanley raised its price target from $268 to $300, maintained an Equal Weight rating, and noted a current stock price of $287.01.