Marvell upgraded, Trade Desk downgraded: Wall Street's top analyst calls

Core Viewpoint - The article summarizes significant research calls from Wall Street, highlighting upgrades for various companies based on market trends and growth potential. Group 1: Company Upgrades - Piper Sandler upgraded Karman (KRMN) to Overweight from Neutral with a price target of $127, increased from $110, citing a potential munitions "super cycle" driven by U.S. and allies' efforts to replenish stockpiles and enhance production capabilities [2] - BMO Capital upgraded Okta (OKTA) to Outperform from Market Perform with a price target of $97, up from $83, reflecting increased confidence in the company's revenue growth sustainability [2] - Benchmark upgraded Marvell (MRVL) to Buy from Hold with a price target of $130, while BofA also upgraded Marvell to Buy from Neutral with a price target of $110, up from $90, indicating strong growth drivers beyond its collaboration with Amazon [2] - BofA upgraded Ciena (CIEN) to Buy from Neutral with a price target of $355, raised from $260, after reassessing the data center buildout and spending outlook from major cloud players [2] - Northcoast upgraded Intuit (INTU) to Buy from Neutral with a price target of $575, attributing the upgrade to valuation considerations as shares have declined nearly 30% in 2026 [2]