Marvell price target lowered to $80 from $100 at Roth Capital

Roth Capital lowered the firm’s price target on Marvell (MRVL) to $80 from $100 and keeps a Buy rating on the shares. The firm notes the company provided a preliminary in-line revenue guide update as part of an announcement that it is postponing its planned live NYC investor event until the 2026 timeframe, citing a “dynamic macroeconomic environment.” Roth does not believe Marvell is seeing direct tariff impact on its other business segments yet but acknowledges the risk here has increased somewhat across our coverage universe. The firm interprets this move as an acknowledgement that near-term visibility and confidence has declined with macro tariff uncertainty, even with the tailwind of continued strong AI infrastructure end market demand.