Marvell Technology, Inc. (MRVL)
NASDAQ: MRVL · IEX Real-Time Price · USD
71.60
+0.60 (0.85%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Marvell Technology Stock Forecast
Stock Price Forecast
The 27 analysts with 12-month price forecasts for Marvell Technology stock have an average target of 88.59, with a low estimate of 68 and a high estimate of 100. The average target predicts an increase of 23.73% from the current stock price of 71.60.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 31, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 12 | 12 | 15 | 14 | 14 | 14 |
| Buy | 13 | 13 | 13 | 14 | 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 | 26 | 26 | 29 | 29 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $75 → $80 | Buy | Maintains | $75 → $80 | +11.73% | May 31, 2024 |
| Oppenheimer | Oppenheimer | Buy Reiterates $80 → $90 | Buy | Reiterates | $80 → $90 | +25.70% | May 31, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $85 | Buy | Reiterates | $85 | +18.72% | May 31, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $88 → $91 | Buy | Maintains | $88 → $91 | +27.09% | May 31, 2024 |
| Stifel | Stifel | Strong Buy Maintains $86 → $90 | Strong Buy | Maintains | $86 → $90 | +25.70% | May 31, 2024 |
Financial Forecast
Revenue This Year
7.46B
from 5.51B
Increased by 35.41%
Revenue Next Year
5.52B
from 7.46B
Decreased by -25.99%
EPS This Year
2.95
from -1.08
EPS Next Year
1.41
from 2.95
Decreased by -52.28%
Revenue Forecast
| Revenue | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| High | 8.4B | 6.0B | 8.9B | 8.0B | 10.1B | 10.1B | 12.0B | 13.9B |
| Avg | 7.5B | 5.5B | 7.5B | 7.3B | 8.8B | 8.8B | 10.9B | 13.5B |
| Low | 6.7B | 5.1B | 6.4B | 6.3B | 7.9B | 7.9B | 9.7B | 13.0B |
Revenue Growth
| Revenue Growth | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| High | 52.5% | -19.7% | 61.0% | 7.1% | 38.9% | 15.6% | 37.0% | 27.9% |
| Avg | 35.4% | -26.0% | 35.1% | -2.1% | 20.2% | - | 24.3% | 24.2% |
| Low | 21.9% | -31.5% | 15.7% | -14.9% | 8.8% | -9.5% | 11.0% | 19.3% |
EPS Forecast
| EPS | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| High | 3.47 | 1.81 | 3.59 | 2.99 | 4.20 | 4.20 | 5.41 | 6.64 |
| Avg | 2.95 | 1.41 | 2.84 | 2.46 | 3.41 | 3.41 | 4.81 | 6.45 |
| Low | 2.45 | 0.83 | 2.16 | 1.96 | 2.83 | 2.83 | 4.20 | 6.19 |
EPS Growth
| EPS Growth | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| High | - | -38.8% | 154.9% | 5.6% | 70.9% | 23.0% | 58.4% | 37.8% |
| Avg | - | -52.3% | 101.4% | -13.4% | 38.9% | - | 41.0% | 33.9% |
| Low | - | -71.8% | 53.1% | -30.9% | 15.0% | -17.2% | 23.1% | 28.6% |
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.