Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Marvell Technology Group Ltd Market Cap
Based on ratings from 24 stock analysts, the Marvell Technology Group Ltd stock price is expected to increase by 24.95% in 12 months. This is calculated by using the average 12-month stock price forecast for Marvell Technology Group Ltd. The lowest target is $74.2 and the highest is $120. Please note analyst price targets are not guaranteed and could be missed completely.
About 24 Wall Street analysts have assignedMRVL 11 buy ratings, 12 hold ratings, and 1 sell ratings. This means that analysts expect Marvell Technology Group Ltd to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MRVL. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MRVL.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Toshiya Hari Goldman Sachs | Buy | $87 | Maintains | Aug 30, 2024 |
| Hans Mosesmann Rosenblatt | Buy | $120 | Maintains | Aug 30, 2024 |
| Tore Svanberg Stifel | Buy | $95 | Reiterates | Aug 30, 2024 |
| Mark Lipacis Evercore ISI Group | Outperform | $98 | Maintains | Aug 30, 2024 |
| Joseph Moore Morgan Stanley | Equal-Weight | $82 | Maintains | Aug 30, 2024 |
| Suji Desilva Roth MKM | Buy | $95 | Maintains | Aug 30, 2024 |
| Quinn Bolton Needham | Buy | $95 | Reiterates | Aug 30, 2024 |
| Blayne Curtis Barclays | Overweight | $85 | Maintains | Aug 30, 2024 |
| Harsh Kumar Piper Sandler | Overweight | $100 | Reiterates | Aug 30, 2024 |
| Vivek Arya B of A Securities | Buy | $90 | Maintains | Aug 30, 2024 |
| C J Muse Cantor Fitzgerald | Overweight | $85 | Reiterates | Aug 30, 2024 |
| Cody Acree Benchmark | Buy | $115 | Maintains | Aug 30, 2024 |
| Hans Mosesmann Rosenblatt | Buy | $100 | Maintains | Aug 22, 2024 |
| John Vinh Keybanc | Overweight | $95 | Maintains | Jul 9, 2024 |
| Quinn Bolton Needham | Buy | $95 | Reiterates | May 31, 2024 |
| Blayne Curtis Barclays | Overweight | $80 | Maintains | May 31, 2024 |
| Craig Ellis B. Riley Securities | Buy | $100 | Maintains | May 31, 2024 |
| Joseph Moore Morgan Stanley | Equal-Weight | $77 | Maintains | May 31, 2024 |
| Tore Svanberg Stifel | Buy | $90 | Maintains | May 31, 2024 |
| Mark Lipacis Evercore ISI Group | Outperform | $91 | Maintains | May 31, 2024 |
When did it IPO
2000
Staff Count
6,511
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Matthew J. Murphy
Market Cap
$63.86B
In 2023, MRVL generated $5.92B in revenue, which was a increase of 32.66% from the previous year. This can be seen as a signal that MRVL's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 27 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Arm's widespread chip use and high margins suggest strong returns. Marvell is poised to gain from AI infrastructure growth and a rebound in its non-AI sectors.
Why It Matters - Arm's widespread chip presence and high margins indicate strong growth potential. Marvell's advantage in AI infrastructure and recovering non-AI sectors suggests promising returns ahead.
Thu, 26 Sep 2024
Sentiment - POSITIVE
Source - Barrons
Summary - Chip stocks increased on Thursday due to positive outlook for AI demand from Micron.
Why It Matters - Rising chip stocks indicate strong market confidence in future AI demand, suggesting potential growth and profitability in the semiconductor sector.
Mon, 23 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Marvell Technology (MRVL) maintains a buy rating, citing growth in the Data Center segment and expected EBITDA margin expansion, enhancing cash generation for shareholder returns.
Why It Matters - Marvell Technology's growth in the Data Center segment and expected EBITDA margin expansion signal strong financial health, likely leading to increased shareholder returns.
Fri, 20 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Marvell (MRVL) has experienced positive earnings estimate revisions recently and operates within a strong industry.
Why It Matters - Solid earnings estimate revisions indicate improving financial health, potentially leading to stock price appreciation. A strong industry backdrop enhances growth prospects for Marvell.
Fri, 20 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Marvell Technology (NASDAQ: MRVL) will showcase its optical technology for AI cloud data centers at ECOC 2024 in Frankfurt, addressing increasing bandwidth demands. Event dates: Sept 22-26, 2024.
Why It Matters - Marvell Technology's advancements in optical technology for AI-driven data centers indicate strong growth potential, signaling increased demand for their products and potential revenue growth, impacting stock performance.
Thu, 19 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Marvell (MRVL) is currently a focus for Zacks.com users, indicating heightened interest and potential developments for the stock to watch.
Why It Matters - Increased interest in Marvell (MRVL) suggests potential volatility or opportunity, indicating that investors may be positioning for significant price movements or upcoming developments.
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