Melius Research lowers Nvidia price target to $315, Marvell target to $300
In brief
- Melius Research cut Nvidia's price target to $315 and Marvell's to $300, Crypto Briefing reported.
- Nothing in the announcement indicated a rating change on either chipmaker, per Crypto Briefing.
- Melius analyst Ben Reitzes held a Buy rating and $420 Nvidia target as of August 27, 2026.
- Melius's $300 Marvell target sits at the bottom of unnamed firms' October $300-$400 range, per Crypto Briefing.
What the new targets mean
A lower price target isn't the same thing as a downgrade. Crypto Briefing reported that nothing in the announcement pointed to a rating change for either stock, so the public record here is about the targets themselves (not the underlying call).
The Nvidia number has some history behind it. As of August 27, 2026, Melius analyst Ben Reitzes held a Buy rating on Nvidia with a $420 price target, per the publication.
Marvell's path has been messier. Melius downgraded Marvell to Hold with a $66 target in May 2025, citing a slower ramp in custom silicon, then upgraded it to Buy with a $135 target in January 2026 and lifted that figure to $220 in June 2026. The target in place right before this latest cut wasn't stated. Crypto Briefing inferred it had to sit above $300, since the new figure is described as a cut.
Where $300 sits
In October 2026, other firms raised their Marvell targets into a range of $300 to $400, according to Crypto Briefing, which didn't name them. Those upgrades followed Marvell's investor day, where company guidance pointed to revenue expectations for fiscal 2028 with interconnect growth as a central driver.
That puts Melius at the bottom edge of the range.
Two different AI hardware businesses
Nvidia makes the graphics processing units (GPUs) used to train and run AI models. Marvell designs application-specific integrated circuits, or ASICs, which are chips built for an individual customer's workloads, and it also supplies interconnect technology. They're two different slices of the same AI hardware market.
Crypto Briefing said research on both companies has been shaped by forecasts of multi-trillion-dollar capital spending by hyperscalers. That's the backdrop every target on these names gets measured against, Melius's new $315 and $300 figures included.
Frequently asked questions
Did Melius Research downgrade Nvidia or Marvell?
Crypto Briefing reported that nothing in the announcement indicated Melius changed its rating on either company. The firm lowered its price targets to $315 for Nvidia and $300 for Marvell Technology, and a lower price target isn't the same as a downgrade.
How does Melius's $300 Marvell target compare with other analysts?
In October 2026, other firms raised their Marvell targets into a range of $300 to $400 after the company's investor day, according to Crypto Briefing, which didn't name those firms. That puts Melius's new $300 target at the bottom edge of that range.
