Selected Stock Price Target News of the Day — May 29, 2026

Today’s stock price target news centers on Marvell Technology, where sixteen analysts raised price targets after a record first quarter. Revenue reached $2.42 billion in Q1 FY2027, ahead of Wall Street consensus. Non-GAAP EPS also beat estimates, and the Q2 revenue guide came in above Street models. Okta earned nine analyst raises after beating free cash flow estimates. Autodesk analysts trimmed targets on a $3.6 billion acquisition while holding their ratings. All three companies reported results in the past 48 hours, making this an active session for analyst reactions.

Marvell Technology (MRVL) — Sixteen Analysts React to Record Q1 AI Revenue

Marvell reported Q1 FY2027 revenue of $2.42 billion on May 28, setting a company record. That result exceeded Wall Street consensus by a meaningful margin. Custom silicon programs for AI hyperscalers drove the outperformance. Non-GAAP gross margin expanded year over year, and the AI data center segment accelerated from the prior quarter. The Q2 revenue guide also came in above current Street models. Marvell’s non-GAAP EPS beat reflects tight cost management alongside the revenue acceleration. All sixteen analysts who updated their models raised price targets. Fourteen of the sixteen hold Buy-equivalent ratings on the stock.

Aaron Rakers at Wells Fargo raised his Overweight target from $195 to $240. He has a 91.99% hit rate on 1,026 forecasts at AnaChart. Timothy Arcuri at UBS lifted his Buy target from $195 to $230. Arcuri’s AnaChart accuracy stands at 90.87% across 1,516 forecasts.

Cody Acree at Benchmark made one of the session’s largest moves, raising from $130 to $275. His AnaChart hit rate is 88.63% on 553 forecasts. Harlan Sur at JPMorgan raised his Overweight target from $135 to $240. Sur carries an 87.11% hit rate on 706 forecasts at AnaChart.

Rick Schafer at Oppenheimer raised his Outperform target from $200 to $250. His AnaChart hit rate is 86.63% across 570 forecasts. Tore Svanberg at Stifel moved his Buy target from $210 to $230. Svanberg’s AnaChart accuracy is 87.79% over 1,198 forecasts.

Vivek Arya at B of A Securities raised his Buy target from $200 to $240. Arya has an 87.67% hit rate on 1,318 forecasts at AnaChart. Blayne Curtis at Jefferies raised from $149 to $235, maintaining a Buy rating. Curtis shows an 85.30% hit rate on 504 forecasts.

Tom O’Malley at Barclays raised his Overweight target from $150 to $275. Suji Desilva at Roth Capital lifted his Buy target from $135 to $275. John Vinh at KeyBanc raised his Overweight target from $130 to $260. Vinh tracks an 83.05% hit rate on 904 forecasts at AnaChart. Atif Malik at Citi raised his Buy target from $215 to $225. C.J. Muse at Cantor Fitzgerald moved a Neutral target from $190 to $220. Quinn Bolton at Needham maintained a Buy and raised his target from $118 to $270. Bolton’s AnaChart hit rate is 82.38% on 1,485 forecasts.

Not every analyst matched the group’s enthusiasm. Joshua Buchalter at TD Cowen kept a Hold rating and raised his target from $180 to $200. Buchalter carries a 79.49% hit rate on 321 forecasts. Joseph Moore at Morgan Stanley maintained an Equal-Weight and raised from $172 to $195. Moore has a 79.51% hit rate on 1,630 forecasts at AnaChart. Both notes cite execution risk in ramping new ASIC programs at hyperscaler scale.

Eleven of the sixteen new targets land between $220 and $275. New targets range from $195 at the low end to $275 at the high end. That dispersion compression reflects strengthening analyst consensus on the AI silicon opportunity. Acree raised from $130 to $275, the session’s largest percentage move. Bolton moved from $118 to $270, reflecting similar AI data center conviction. Both models project accelerating ASIC revenue over the next six quarters. Marvell’s custom silicon work spans at least two major hyperscalers, with new program engagement disclosed in the Q1 call. That breadth across customers reduces single-program concentration risk. The stock price target news from Marvell on May 29 represents the most uniform semiconductor analyst response of the quarter.

Okta (OKTA) — Nine Raises Follow Free Cash Flow Beat

Okta reported Q1 FY2027 results that exceeded free cash flow estimates. Subscription revenue grew ahead of consensus, and operating leverage improved quarter over quarter. The identity and access management platform added net new customers across enterprise and mid-market segments. Current remaining performance obligations grew in the high teens year over year, signaling near-term bookings momentum. Okta has guided to non-GAAP profitability for fiscal year 2026, and Q1 confirmed the trajectory is on track. Nine analysts revised price targets higher in response.

Mike Cikos at Needham raised his Buy target from $90 to $120. He carries a 53.26% hit rate on 820 forecasts at AnaChart. Gray Powell at BTIG moved from $105 to $119, maintaining a Buy. Powell’s AnaChart accuracy is 69.66% on 524 forecasts.

Brian Essex at JPMorgan raised his Overweight target from $103 to $114. Essex carries a 65.65% hit rate on 726 forecasts. Jonathan Ruykhaver at Cantor Fitzgerald lifted his Overweight target from $100 to $125. His AnaChart hit rate is 69.81% on 633 forecasts.

Jefferies moved to $120, Oppenheimer to $125, Stifel to $120, and Wells Fargo to $100. Mizuho moved to $110 to complete the nine-raise wave. The cluster of targets in the $110–$125 range reflects measured re-rating rather than aggressive upside projection. Free cash flow improvement is the central thesis across the majority of raising notes. Net revenue retention, a core identity SaaS metric, stabilized year over year. That stabilization removes a key concern that weighed on analyst sentiment in prior quarters. Okta’s identity platform competes in one of the fastest-growing segments of enterprise software. The identity security sector is seeing renewed enterprise spending as organizations expand Zero Trust initiatives.

Autodesk (ADSK) — Analysts Trim Targets on $3.6 Billion Acquisition

Autodesk announced a $3.6 billion acquisition alongside its quarterly results. Q1 revenue was broadly in line with consensus. The acquisition introduces near-term dilution and integration costs. Several analysts trimmed price targets while maintaining their existing ratings on the stock.

Clarke Jeffries at Piper Sandler kept an Overweight rating but cut his target from $383 to $369. Nick Altmann at BTIG held a Buy rating at a $300 target. Wells Fargo moved to $330, Barclays to $300, KeyBanc to $341, and RBC Capital to $305. Analysts who held the most aggressive pre-announcement targets applied the largest cuts. The resulting consensus zone of $300–$370 is tighter than the pre-announcement range. The acquisition adds strategic capability in Autodesk’s core design and construction workflow markets. The deal also signals a new phase of growth investment for Autodesk. Most notes expect the acquisition to be accretive by fiscal 2027. Autodesk’s subscription business continues to compound, giving analysts confidence in the underlying model despite near-term noise.

The full price target history for Marvell Technology, Okta, and Autodesk, along with the track record of every analyst and firm named here, lives in the analyst price target dataset. It covers 661,383 price targets and 759,654 ratings from 7,191 analysts (3,754 active, 3,437 retired), across 9,686 tickers and 424 brokers (333 active), spanning 2008 to 2026.