Recent analyst actions have spotlighted critical shifts in the market, with attention given to companies such as Tilray Brands (TLRY) and Marvell Technology (MRVL). Tilray has seen an improvement in its standing from a Strong Sell to Hold, reflecting more favorable market conditions. In parallel, Marvell Technology’s outlook has been upgraded, supported by optimistic revenue forecasts. Meanwhile, caution prevails with Okta (OKTA) and D-Wave Quantum (QBTS), both receiving downgrades primarily due to concerns over growth sustainability and valuation.
Upgrades
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Tilray Brands, Inc. (TLRY): Upgrade from Strong Sell to Hold by Alan Brochstein, CFA. The upgrade is driven by the stock’s recent reverse-split and improved balance sheet, despite the ongoing concerns about the company’s strategy.
“I am going from Strong Sell to Hold from an investment perspective… I like TLRY for a bounce, but my confidence in the company long-term is not so great. I am glad that they have fixed their balance sheet, though I fear more M&A.”
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Marvell Technology, Inc. (MRVL): Upgrade to Buy by Tech Stock Pros. The upgrade highlights a promising revenue outlook for fiscal years 2027 and 2028, buoyed by strong performance in the company’s electro-optical business.
“Marvell’s FY27 and FY28 outlook forces us to upgrade the stock back to a buy… We are confident in Marvell’s electro-optical positioning, which drives the bulk of its data center revenue.”
Downgrades
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Okta, Inc. (OKTA): Downgrade to Hold by Amrita Roy. Slowing growth in revenue and diminished forward guidance prompt a more cautious stance, despite past earnings beats.
“Although the management is optimistic about industry tailwinds pertaining to AI Security and the investments they are making towards their product innovation, it is not yet reflected in the forward guidance. As a result, investor sentiment continues to remain dampened in the stock.”
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D-Wave Quantum, Inc. (QBTS): Downgrade to Sell by The Alpha Analyst. The downgrade reflects concerns about overvaluation and the speculative nature of the quantum computing sector, despite technological progress.
“Given the valuation context, QBTS is best rated as a Sell today despite the progress. Markets are valuing QBTS as a market leader… This is a narrative-driven sector where investors might need to get used to high valuations.”