Marvell Technology (MRVL) Stock Forecast & Price Target

$111.90 +2.79 (+2.56%)

(As of 12/20/2024 05:51 PM ET)

Marvell Technology - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
0

Hold
2

Buy
24

Based on 26 Wall Street analysts who have issued ratings for Marvell Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 2 have given a hold rating, and 24 have given a buy rating for MRVL.

Consensus Price Target

$119.76
7.02% Upside

According to the 26 analysts' twelve-month price targets for Marvell Technology, the average price target is $119.76. The highest price target for MRVL is $140.00, while the lowest price target for MRVL is $78.00. The average price target represents a forecasted upside of 7.02% from the current price of $111.90.

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MRVL Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	24 Buy rating(s)	20 Buy rating(s)	20 Buy rating(s)	19 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$119.76	$91.77	$91.62	$67.96
Forecasted Upside	7.02% Upside	-0.80% Downside	27.59% Upside	12.79% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Moderate Buy

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MRVL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MRVL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Marvell Technology Stock vs. The Competition

Type	Marvell Technology	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.92	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.02% Upside	265.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent MRVL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$102.00 ➝ $120.00	+7.03%
12/5/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$87.00 ➝ $115.00	+0.03%
12/4/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight	$110.00 ➝ $130.00	+35.54%
12/4/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$95.00 ➝ $125.00	+30.33%
12/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $115.00	+19.90%
12/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$91.00 ➝ $112.00	+16.78%
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12/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $130.00	+35.54%
12/4/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$120.00 ➝ $135.00	+40.76%
12/4/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $125.00	+30.33%
12/4/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$95.00 ➝ $110.00	+14.69%
12/4/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$88.00 ➝ $132.00	+37.63%
12/4/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$100.00 ➝ $120.00	+25.12%
12/4/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$90.00 ➝ $125.00	+30.33%
12/4/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$114.00 ➝ $125.00	+30.33%
12/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$110.00 ➝ $125.00	+30.33%
12/4/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$105.00 ➝ $135.00	+40.76%
12/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$85.00 ➝ $115.00	+19.90%
12/4/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $120.00	+25.12%
12/4/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $135.00	+40.76%
12/4/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $140.00	+45.97%
12/4/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$108.00 ➝ $125.00	+30.33%
12/2/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$98.00 ➝ $122.00	+31.62%
8/30/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$95.00 ➝ $95.00	+36.03%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$98.00 ➝ $85.00	+24.14%
3/8/2024	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$62.00 ➝ $78.00	+12.81%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$80.00	+21.90%
5/26/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$50.00 ➝ $65.00	+31.39%
3/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$56.00 ➝ $53.00	+14.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:18 PM ET.

Should I Buy Marvell Technology Stock? MRVL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Marvell Technology pros and cons to contact@marketbeat.com.

Marvell Technology
Bull Case

Here are some ways that investors could benefit from investing in Marvell Technology, Inc.:

Marvell Technology, Inc. has received multiple "buy" ratings from analysts, with a consensus price target of $119.04, indicating strong potential for price appreciation.
The stock recently traded at $113.51, reflecting a significant increase from its 12-month low of $50.56, showcasing a strong recovery and growth trajectory.
Recent upgrades from major financial institutions, such as Bank of America and TD Cowen, have raised their price targets significantly, suggesting confidence in the company's future performance.
Marvell Technology, Inc. has a solid market capitalization of approximately $100.59 billion, which indicates a stable and established presence in the semiconductor industry.
The company has a history of paying dividends, with a recent quarterly dividend of $0.06 per share, providing a return to shareholders even in volatile markets.

Marvell Technology
Bear Case

Investors should be bearish about investing in Marvell Technology, Inc. for these reasons:

The stock has a negative price-to-earnings (P/E) ratio of -66.77, indicating that the company is currently not profitable, which can be a red flag for potential investors.
Insider selling has been notable, with executives selling a total of 267,000 shares worth over $20 million in the last three months, which may signal a lack of confidence in the stock's future performance.
The company has a relatively high PEG ratio of 4.15, suggesting that the stock may be overvalued compared to its earnings growth potential.
Marvell Technology, Inc. has a debt-to-equity ratio of 0.28, which, while not excessively high, indicates that the company is using some leverage, which can increase financial risk.
Market volatility and economic uncertainties can impact the semiconductor industry, potentially affecting Marvell Technology, Inc.'s stock performance negatively.

MRVL Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Marvell Technology is $119.76, with a high forecast of $140.00 and a low forecast of $78.00.
: 26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 2 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRVL shares.
: According to analysts, Marvell Technology's stock has a predicted upside of 7.02% based on their 12-month stock forecasts.
: Marvell Technology has been rated by research analysts at B. Riley, Bank of America, Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Craig Hallum, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Loop Capital, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Rosenblatt Securities, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Marvell Technology more than other "computer and technology" companies. The consensus rating score for Marvell Technology is 2.92 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how MRVL compares to other companies.

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This page (NASDAQ:MRVL) was last updated on 12/22/2024 by MarketBeat.com Staff

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Marvell Technology (MRVL) Stock Forecast & Price Target