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Beyond The Numbers: 26 Analysts Discuss Marvell Tech Stock
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Beyond The Numbers: 26 Analysts Discuss Marvell Tech Stock
Dec 20, 2024 2:29 PM

Analysts' ratings for Marvell Tech ( MRVL ) over the last quarter vary from bullish to bearish, as provided by 26 analysts.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 10 12 4 0 0
Last 30D 0 0 1 0 0
1M Ago 9 12 2 0 0
2M Ago 0 0 1 0 0
3M Ago 1 0 0 0 0

Analysts have recently evaluated Marvell Tech ( MRVL ) and provided 12-month price targets. The average target is $118.88, accompanied by a high estimate of $140.00 and a low estimate of $91.00. This current average reflects an increase of 18.74% from the previous average price target of $100.12.

Analyzing Analyst Ratings: A Detailed Breakdown

In examining recent analyst actions, we gain insights into how financial experts perceive Marvell Tech. ( MRVL ) The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Joseph Moore Morgan Stanley Raises Equal-Weight $120.00 $102.00
Toshiya Hari Goldman Sachs Raises Buy $115.00 $87.00
Harlan Sur JP Morgan Raises Overweight $130.00 $90.00
Gary Mobley Loop Capital Raises Hold $110.00 $95.00
Atif Malik Citigroup Raises Buy $112.00 $91.00
Matthew Prisco Cantor Fitzgerald Raises Overweight $135.00 $120.00
John Vinh Keybanc Raises Overweight $125.00 $95.00
Timothy Arcuri UBS Raises Buy $115.00 $110.00
Christian Schwab Craig-Hallum Raises Buy $132.00 $88.00
Rick Schafer Oppenheimer Raises Outperform $125.00 $110.00
Harsh Kumar Piper Sandler Raises Overweight $120.00 $100.00
Christopher Rolland Susquehanna Raises Positive $125.00 $110.00
Tore Svanberg Stifel Raises Buy $125.00 $114.00
Joseph Moore Morgan Stanley Raises Equal-Weight $102.00 $82.00
Mark Lipacis Evercore ISI Group Raises Outperform $127.00 $122.00
Vivek Arya B of A Securities Raises Buy $125.00 $108.00
Hans Mosesmann Rosenblatt Raises Buy $140.00 $120.00
Cody Acree Benchmark Raises Buy $135.00 $115.00
Quinn Bolton Needham Raises Buy $120.00 $95.00
Blayne Curtis Barclays Raises Overweight $115.00 $85.00
Mark Lipacis Evercore ISI Group Raises Outperform $122.00 $98.00
Christopher Rolland Susquehanna Raises Positive $110.00 $95.00
Rick Schafer Oppenheimer Raises Outperform $110.00 $90.00
Aaron Rakers Wells Fargo Raises Overweight $110.00 $90.00
Gary Mobley Loop Capital Announces Hold $95.00 -
Atif Malik Citigroup Maintains Buy $91.00 $91.00

Key Insights:

Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Marvell Tech. ( MRVL ) This insight gives a snapshot of analysts' perspectives on the current state of the company.

Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Marvell Tech ( MRVL ) compared to the broader market.

Price Targets: Analysts predict movements in price targets, offering estimates for Marvell Tech's ( MRVL ) future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into Marvell Tech's ( MRVL ) market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Marvell Tech ( MRVL ) analyst ratings.

About Marvell Tech

Marvell Technology ( MRVL ) is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell ( MRVL ) serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.

Understanding the Numbers: Marvell Tech's Finances

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Over the 3 months period, Marvell Tech ( MRVL ) showcased positive performance, achieving a revenue growth rate of 6.87% as of 31 October, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -44.61%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -4.9%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.38%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.32, Marvell Tech ( MRVL ) adopts a prudent financial strategy, indicating a balanced approach to debt management.

How Are Analyst Ratings Determined?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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