What Analysts Are Saying About Marvell (MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On October 31, JPMorgan reaffirmed its Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) with a $120 price target. This update comes before the company’s Q3 fiscal year 2026 results, which the company plans to release on December 2.

However, previously, on October 20, Barclays downgraded Marvell Technology, Inc. (NASDAQ:MRVL) from Overweight to Equalweight and kept its price target of $80. The research firm is concerned that Marvell Technology, Inc. (NASDAQ:MRVL) might not be able to achieve its data center targets for next year, even when the company has a strong intellectual property portfolio and is well-positioned in AI infrastructure development.

Marvell Technology, Inc. (NASDAQ:MRVL) is aiming to grow its share of the data center market from 13% of a $33 billion total addressable market in calendar year 2024 to 20% of a $94 billion total addressable market in calendar year 2028.

Despite the company’s plans, Barclays described Marvell Technology, Inc. (NASDAQ:MRVL) as “one of the biggest battleground stocks” in its coverage. The research firm noted that the future of the company is uncertain compared to other AI companies.

Looking beyond 2026, Barclays mentioned concerns about competition. The firm noted that the “lion’s share of AI XPU” appears to be going to Broadcom Inc. (NASDAQ:AVGO). Barclays also noted that Marvell Technology, Inc. (NASDAQ:MRVL) could lose market share in its core optical business.

Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.

While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best American Penny Stocks to Buy Right Now and 12 Best Performing Stocks in the Last 3 Months.

Disclosure: None. This article is originally published at Insider Monkey.