Overview
- Marvell, which drew an upgrade from Barclays on Thursday, was assigned a $150 price target that implies roughly 31% upside from recent trading levels.
- Barclays forecasts that optical ports connecting AI chips could double in 2026 and double again in 2027, supporting about 90% growth in Marvell’s optics revenue over two years.
- In a stricter downside model that removes Microsoft and assumes no growth from Amazon, the bank still estimates roughly $5 in earnings per share for Marvell.
- Barclays highlights Nvidia’s NVLink interconnect as a possible tailwind that could lift demand for Marvell’s optical components inside GPU clusters.
- Shares set a new 52‑week high near $119 on Thursday after the note, even as the TipRanks average target is $121.75 with a Strong Buy rating, well below Barclays’ $150 call.