UBS trimmed their $MRVL price target from $340 down to $300, but they're sticking with their Buy rating. That's a 12% haircut on the target while maintaining conviction—usually means they see near-term headwinds but still like the long-term setup.

Marvell's been riding the AI infrastructure wave, especially with their custom silicon and data center connectivity plays. A price target cut isn't panic-worthy if the thesis hasn't broken. Worth watching whether this reflects customer push-outs, margin pressure, or just resetting expectations after the stock ran hard.