Marvell Technology, Inc. (MRVL)
NASDAQ: MRVL · Real-Time Price · USD
93.14
+3.28 (3.65%)
Nov 21, 2024, 1:21 PM EST - Market open
Marvell Technology Stock Forecast
Stock Price Forecast
The 27 analysts with 12-month price forecasts for Marvell Technology stock have an average target of 91.93, with a low estimate of 68 and a high estimate of 120. The average target predicts a decrease of -1.30% from the current stock price of 93.14.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 14 | 14 | 14 | 14 | 14 | 14 |
| Buy | 13 | 13 | 13 | 13 | 13 | 12 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 28 | 28 | 28 | 28 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Loop Capital | Loop Capital | Hold Initiates $95 | Hold | Initiates | $95 | +2.00% | Nov 11, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $91 | Strong Buy | Maintains | $91 | -2.30% | Oct 14, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $100 → $120 | Strong Buy | Maintains | $100 → $120 | +28.84% | Aug 30, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $85 → $90 | Strong Buy | Maintains | $85 → $90 | -3.37% | Aug 30, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $105 → $115 | Strong Buy | Maintains | $105 → $115 | +23.47% | Aug 30, 2024 |
Financial Forecast
Revenue This Year
5.65B
from 5.51B
Increased by 2.57%
Revenue Next Year
7.64B
from 5.65B
Increased by 35.25%
EPS This Year
1.47
from -1.08
EPS Next Year
2.55
from 1.47
Increased by 73.55%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.0B | 8.5B | 10.9B | ||
| Avg | 5.6B | 7.6B | 9.3B | ||
| Low | 5.4B | 7.1B | 8.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.2% | 49.7% | 42.1% | ||
| Avg | 2.6% | 35.2% | 21.3% | ||
| Low | -2.8% | 24.9% | 8.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.63 | 3.00 | 4.11 | ||
| Avg | 1.47 | 2.55 | 3.44 | ||
| Low | 0.78 | 1.69 | 3.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 104.3% | 61.1% | ||
| Avg | - | 73.6% | 34.9% | ||
| Low | - | 14.8% | 20.0% |
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.