Marvell Technology, Inc. (MRVL)
NASDAQ: MRVL · Real-Time Price · USD
115.95
+2.19 (1.93%)
At close: Dec 24, 2024, 4:00 PM
115.94
-0.01 (-0.01%)
After-hours: Dec 24, 2024, 4:54 PM EST
Marvell Technology Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Marvell Technology stock have an average target of 111.69, with a low estimate of 68 and a high estimate of 140. The average target predicts a decrease of -3.67% from the current stock price of 115.95.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MRVL stock from 30 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 14 | 14 | 14 | 14 | 14 | 14 |
| Buy | 13 | 13 | 13 | 13 | 13 | 14 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 28 | 28 | 28 | 28 | 29 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $102 → $120 | Hold | Maintains | $102 → $120 | +3.49% | Dec 20, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $87 → $115 | Strong Buy | Maintains | $87 → $115 | -0.82% | Dec 5, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $90 → $130 | Buy | Maintains | $90 → $130 | +12.12% | Dec 4, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $95 → $110 | Hold | Maintains | $95 → $110 | -5.13% | Dec 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $91 → $112 | Strong Buy | Maintains | $91 → $112 | -3.41% | Dec 4, 2024 |
Financial Forecast
Revenue This Year
5.85B
from 5.51B
Increased by 6.23%
Revenue Next Year
8.33B
from 5.85B
Increased by 42.28%
EPS This Year
1.59
from -1.08
EPS Next Year
2.80
from 1.59
Increased by 76.50%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 6.1B | 9.2B | 11.9B | |||
| Avg | 5.9B | 8.3B | 9.9B | |||
| Low | 5.4B | 7.6B | 8.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 10.0% | 57.5% | 43.2% | |||
| Avg | 6.2% | 42.3% | 19.1% | |||
| Low | -2.4% | 30.3% | 5.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 1.69 | 3.32 | 4.58 | |||
| Avg | 1.59 | 2.80 | 3.69 | |||
| Low | 1.44 | 2.13 | 2.92 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 108.9% | 63.3% | |||
| Avg | - | 76.5% | 31.7% | |||
| Low | - | 33.9% | 4.2% |
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.