By Adam Clark

Marvell Technology has been on a great run recently. The chips-and-networking company should have further to go on the back of its optical components which are used for connections within AI data centers, according to analysts at Barclays.

Marvell's optical revenue could grow by as much as 90% this year and next, according to Barclays analyst Tom O'Malley. He upgraded his rating on the stock to Overweight from Equal Weight and raised his target price to $150 from $105.

"This story will come down to executing on a well understood and bullish forecast and we think the narrative is shifting more toward Optics where it belongs," O'Malley wrote in a research note.

Marvell shares were up 1.8% at $116.50 in premarket trading Thursday, having more than doubled in the past 12 months.

Write to Adam Clark at adam.clark@barrons.com

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April 09, 2026 06:43 ET (10:43 GMT)

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