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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 11 | 11 | 12 | 12 | 12 | 15 |
Buy | 13 | 13 | 12 | 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 | 25 | 25 | 25 | 26 | 26 | 29 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|---|---|---|
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 | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|---|---|---|
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 | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|---|---|---|
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 | 2024 | 2024 | 2025 | 2025 | 2026 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|---|---|---|
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.