Marvell price target lowered to $85 from $100 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Marvell (MRVL) to $85 from $100 and keeps a Buy rating on the shares. The company reported “solid not shiny” Q1 results, the analyst tells investors in a research note. The firm says Marvell “addressed a few hot button issues,” reiterating its confidence in multi generation XPU ramps at its two primary customers and its expectations to grow at its initial customer fiscal 2026 and 2027, “once again attempting to dispel persistent fears of socket losses to a Taiwan-based competitor.”