Marvell Technology, Inc. (MRVL)
NASDAQ: MRVL · Real-Time Price · USD
73.45
+2.27 (3.19%)
At close: Sep 26, 2024, 4:00 PM
73.39
-0.06 (-0.09%)
After-hours: Sep 26, 2024, 6:53 PM EDT
Marvell Technology Stock Forecast
Stock Price Forecast
The 27 analysts with 12-month price forecasts for Marvell Technology stock have an average target of 91.74, with a low estimate of 68 and a high estimate of 120. The average target predicts an increase of 24.90% from the current stock price of 73.45.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MRVL stock from 28 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 14 | 14 | 14 | 14 | 14 | 14 |
| Buy | 14 | 13 | 13 | 13 | 13 | 13 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 29 | 28 | 28 | 28 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Maintains $100 → $120 | Strong Buy | Maintains | $100 → $120 | +63.38% | Aug 30, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $85 → $90 | Strong Buy | Maintains | $85 → $90 | +22.53% | Aug 30, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $105 → $115 | Strong Buy | Maintains | $105 → $115 | +56.57% | Aug 30, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $85 | Buy | Reiterates | $85 | +15.72% | Aug 30, 2024 |
| Barclays | Barclays | Buy Maintains $80 → $85 | Buy | Maintains | $80 → $85 | +15.72% | Aug 30, 2024 |
Financial Forecast
Revenue This Year
5.64B
from 5.51B
Increased by 2.38%
Revenue Next Year
7.60B
from 5.64B
Increased by 34.78%
EPS This Year
1.47
from -1.08
EPS Next Year
2.53
from 1.47
Increased by 72.41%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.0B | 8.5B | 10.9B | ||
| Avg | 5.6B | 7.6B | 9.2B | ||
| Low | 5.2B | 7.0B | 8.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.2% | 50.0% | 42.9% | ||
| Avg | 2.4% | 34.8% | 21.2% | ||
| Low | -4.7% | 23.8% | 8.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.63 | 3.00 | 4.11 | ||
| Avg | 1.47 | 2.53 | 3.43 | ||
| Low | 0.78 | 1.69 | 3.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 104.3% | 62.2% | ||
| Avg | - | 72.4% | 35.4% | ||
| Low | - | 14.8% | 20.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.