Barclays Downgrades Marvell (MRVL) to Equalweight

Barclays analyst Tom O'Malley downgraded Marvell (NASDAQ: MRVL) from Overweight to Equalweight with a price target of $80.00.

The analyst comments: "MRVL is one of the biggest battleground stocks in our coverage. On one hand, the company has a strong IP portfolio and has been at the epicenter of the interconnect evolution making it an obvious stock to own in an AI build-out. On the other hand, versus other AI names who are showing a clear path to continued upward fundamental revisions, we worry about MRVL's ability to hit DC targets for next year (~$7B). Beyond ’26, we see increased AI engagements but the lion's share of AI XPU moving to AVGO and see share moving away from the core Optical business mainly at 1.6T. We are stepping aside here and will look to re-engage post clarity on the ASIC roadmap."

For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.

Shares of Marvell closed at $87.95 yesterday.

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