Marvell Technology (MRVL) Stock Forecast & Price Target

$93.14 +0.90 (+0.98%)

(As of 06:11 PM ET)

Marvell Technology - Analysts' Recommendations and Stock Price Forecast (2024)

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 24 Analyst Ratings

Sell
0

Hold
2

Buy
22

Based on 24 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 24 analysts, 2 have given a hold rating, 21 have given a buy rating, and 1 has given a strong buy rating for MRVL.

Consensus Price Target

$93.43
0.32% Upside

According to the 24 analysts' twelve-month price targets for Marvell Technology, the average price target is $93.43. The highest price target for MRVL is $120.00, while the lowest price target for MRVL is $65.00. The average price target represents a forecasted upside of 0.32% from the current price of $93.14.

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MRVL Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	21 Buy rating(s)	20 Buy rating(s)	19 Buy rating(s)	20 Buy rating(s)
Hold	2 Hold rating(s)	1 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	$93.43	$91.62	$86.05	$66.11
Forecasted Upside	0.32% Upside	12.26% Upside	25.73% Upside	18.27% Upside
Consensus Rating	Moderate Buy	Buy	Moderate 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	2.96	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.51% Downside	526.07% Upside	6.42% 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
11/26/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $110.00	+19.25%
11/26/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $110.00	+19.25%
11/11/2024	Loop Capital 2 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$95.00	+2.98%
10/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$91.00 ➝ $91.00	+19.42%
9/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/30/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$100.00 ➝ $120.00	+58.02%
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8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+17.83%
8/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$80.00 ➝ $85.00	+13.55%
8/30/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$85.00 ➝ $85.00	+13.55%
8/30/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $115.00	+53.62%
8/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$77.00 ➝ $87.00	+18.63%
8/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$100.00 ➝ $100.00	+36.35%
8/30/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$90.00 ➝ $95.00	+26.20%
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%
8/30/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$91.00 ➝ $98.00	+40.32%
8/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$95.00 ➝ $95.00	+36.03%
8/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$77.00 ➝ $82.00	+17.41%
7/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $95.00	+26.82%
5/31/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $100.00	+30.12%
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
2/26/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $83.00	+21.75%
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%
12/1/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$70.00 ➝ $65.00	+22.57%
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	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$56.00 ➝ $67.00	+35.44%
5/26/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $70.00	+41.50%
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%
12/2/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$60.00	+34.17%
12/2/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$70.00 ➝ $55.00	+31.48%
12/2/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $65.00	+43.17%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:46 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 Saturday, November 23, 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 upgrades from analysts, with price targets raised significantly, indicating strong market confidence. For instance, Barclays increased their target from $80.00 to $85.00, and Benchmark raised theirs from $105.00 to $115.00.
The current stock price is $89.86, reflecting a recent trading increase of 0.6%. This suggests positive market sentiment and potential for further growth.
Insider trading activity shows confidence in the company, with executives recently selling shares but still holding significant ownership, indicating they believe in the company's future performance.
Marvell Technology, Inc. has a solid market capitalization of approximately $79.63 billion, which provides stability and resources for growth and innovation.
The company has a favorable debt-to-equity ratio of 0.28, indicating a lower level of debt compared to equity, which can be a sign of financial health and less risk for investors.

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 -80.49, which can indicate that the company is not currently profitable, making it a riskier investment.
Insiders have sold a total of 267,000 shares worth over $20 million in the last ninety days, which could signal a lack of confidence in the stock's future performance.
Despite recent upgrades, one analyst has downgraded the stock to a "sell" rating, suggesting that there are concerns about its future performance.
The stock has experienced volatility, with a 12-month high of $95.09 and a low of $50.35, indicating potential risks associated with price fluctuations.
Market analysts have mixed opinions, with a consensus rating of "Moderate Buy," which may suggest uncertainty among investors regarding the stock's future trajectory.

MRVL Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Marvell Technology is $93.43, with a high forecast of $120.00 and a low forecast of $65.00.
: 24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 2 hold ratings, 21 buy ratings and 1 strong buy rating 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 0.32% based on their 12-month stock forecasts.
: Over the previous 90 days, Marvell Technology's stock had 1 upgrade by analysts.
: Marvell Technology has been rated by research analysts at Bank of America, Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Evercore ISI, Loop Capital, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Rosenblatt Securities, Roth Mkm, Stifel Nicolaus, TD Cowen, The Goldman Sachs 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 2.96 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how MRVL compares to other companies.

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This page (NASDAQ:MRVL) was last updated on 11/26/2024 by MarketBeat.com Staff

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Marvell Technology (MRVL) Stock Forecast & Price Target