Marvell Technology, Inc. (MRVL)
NASDAQ: MRVL · IEX Real-Time Price · USD
70.88
-1.43 (-1.98%)
At close: Mar 28, 2024, 4:00 PM
71.01
+0.13 (0.18%)
After-hours: Mar 28, 2024, 7:59 PM EDT

Marvell Technology Stock Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for Marvell Technology stock have an average target of 86.93, with a low estimate of 65 and a high estimate of 100. The average target predicts an increase of 22.64% from the current stock price of 70.88.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $65 $86.93 $90 $100
Change -8.30% +22.64% +26.98% +41.08%

Analyst Ratings

The average analyst rating for MRVL stock from 29 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111112121215
Buy 131312131313
Hold 111111
Sell 000000
Strong Sell 000000
Total 252525262629

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Strong Buy
Reiterates
$91
Strong Buy Reiterates $91 +28.39% Mar 27, 2024
Argus Research
Argus Research
Strong Buy
Maintains
$75$95
Strong Buy Maintains $75$95 +34.03% Mar 12, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$85
Buy Reiterates $85 +19.92% Mar 11, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$74$84
Strong Buy Maintains $74$84 +18.51% Mar 11, 2024
Rosenblatt
Rosenblatt
Strong Buy
Reiterates
$100
Strong Buy Reiterates $100 +41.08% Mar 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
7.46B
from 5.51B
Increased by 35.41%
Revenue Next Year
6.24B
from 7.46B
Decreased by -16.39%
EPS This Year
2.95
from -1.08
EPS Next Year
2.05
from 2.95
Decreased by -30.63%
Year 201920202021202220232024202420252025202620262027202720282028
Revenue
2.70B2.97B4.46B5.92B5.51B7.46B6.24B7.46B7.48B10.13B10.13B11.51B11.51B12.78B12.78B
Revenue Growth
-5.81%9.99%50.30%32.66%-6.96%35.41%-16.39%19.56%0.30%35.41%-13.65%-11.01%-
EPS
2.34-0.41-0.53-0.19-1.082.952.052.842.874.374.375.145.145.785.78
EPS Growth
-------30.63%38.52%1.04%52.33%-17.76%-12.50%-
No. Analysts -----19342026333333
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242024202520252026202620272028
High 8.4B 7.1B 8.9B 8.9B 10.4B 10.4B 11.8B 13.2B
Avg 7.5B 6.2B 7.5B 7.5B 10.1B 10.1B 11.5B 12.8B
Low 6.7B 5.6B 6.4B 6.4B 9.7B 9.7B 11.1B 12.3B

Revenue Growth

Revenue Growth 20242024202520252026202620272028
High
52.5%
-4.7%
42.5%
19.2%
39.4%
2.9%
17.0%
14.3%
Avg
35.4%
-16.4%
19.6%
0.3%
35.4%
-
13.6%
11.0%
Low
21.9%
-24.4%
2.4%
-14.4%
30.1%
-3.9%
9.2%
6.7%

EPS Forecast

EPS 20242024202520252026202620272028
High 3.47 2.57 3.59 3.72 4.49 4.49 5.29 5.95
Avg 2.95 2.05 2.84 2.87 4.37 4.37 5.14 5.78
Low 2.45 1.67 2.16 2.16 4.19 4.19 4.94 5.56

EPS Growth

EPS Growth 20242024202520252026202620272028
High -
-12.9%
75.4%
31.0%
56.8%
2.9%
21.2%
15.8%
Avg -
-30.6%
38.5%
1.0%
52.3%
-
17.8%
12.5%
Low -
-43.6%
5.3%
-24.0%
46.4%
-3.9%
13.1%
8.1%
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.