After Marvell Technology announced it will buy Lumentum, analysts changed their ratings and price targets for the stock.

Nov 3, 2026, 7:04 AM ETOpinionRead the original at tradingview.com

Bad for MRVL

Marvell received downgrades from TD Cowen and B of A. Needham kept Buy but cut its target from $400 to $300, so the downgrades and lower target point to more concern than support.

MRVL · Marvell Technology

AI read · Bad for MRVL

The AI's read

These changes point to less confidence in Marvell after news of its Lumentum acquisition. Two analysts moved away from Buy, and the remaining Buy came with a lower target. That makes this update unfavorable, though Needham still backs the company.

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