Marvell Tech MRVL underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 5 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 6 | 5 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Marvell Tech, presenting an average target of $72.69, a high estimate of $100.00, and a low estimate of $60.00. This current average reflects an increase of 2.93% from the previous average price target of $70.62.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Marvell Tech by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Atif Malik | Citigroup | Raises | Buy | $75.00 | $61.00 |
| Blayne Curtis | Barclays | Lowers | Overweight | $70.00 | $75.00 |
| Timothy Arcuri | UBS | Lowers | Buy | $70.00 | $75.00 |
| Harsh Kumar | Piper Sandler | Lowers | Overweight | $70.00 | $75.00 |
| Cody Acree | Benchmark | Maintains | Buy | $75.00 | - |
| Christopher Rolland | Susquehanna | Lowers | Positive | $65.00 | $70.00 |
| Joseph Moore | Morgan Stanley | Lowers | Equal-Weight | $63.00 | $65.00 |
| Srini Pajjuri | Raymond James | Lowers | Outperform | $62.00 | $64.00 |
| Quinn Bolton | Needham | Maintains | Buy | $65.00 | - |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| John Vinh | Keybanc | Lowers | Overweight | $70.00 | $80.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| Suji Desilva | Roth MKM | Announces | Buy | $60.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Marvell Tech. This information offers a snapshot of how analysts perceive 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 compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Marvell Tech's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Marvell Tech's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Marvell Tech analyst ratings.
Get to Know Marvell Tech Better
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Marvell Tech's Economic Impact: An Analysis
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Marvell Tech faced challenges, resulting in a decline of approximately -7.72% in revenue growth as of 31 October, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Marvell Tech's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -11.58%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marvell Tech's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.07%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Marvell Tech's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.76%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.29, Marvell Tech adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
