In the preceding three months, 33 analysts have released ratings for Marvell Tech MRVL, presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 19 | 13 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 4 | 2 | 0 | 0 | 0 |
| 3M Ago | 14 | 10 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Marvell Tech, presenting an average target of $90.12, a high estimate of $100.00, and a low estimate of $71.00. This upward trend is apparent, with the current average reflecting a 18.35% increase from the previous average price target of $76.15.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Marvell Tech among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Blayne Curtis | Jefferies | Lowers | Buy | $85.00 | $98.00 |
| Mark Lipacis | Evercore ISI Group | Announces | Outperform | $88.00 | - |
| Suji Desilva | Roth MKM | Maintains | Buy | $95.00 | $95.00 |
| Tore Svanberg | Stifel | Maintains | Buy | $86.00 | $86.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $85.00 | - |
| Quinn Bolton | Needham | Maintains | Buy | $95.00 | - |
| John Vinh | Keybanc | Lowers | Overweight | $90.00 | $95.00 |
| Atif Malik | Citigroup | Maintains | Buy | $91.00 | - |
| Jim Kelleher | Argus Research | Raises | Buy | $95.00 | $75.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $85.00 | - |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $84.00 | $74.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| Karl Ackerman | TD Cowen | Raises | Outperform | $90.00 | $75.00 |
| C J Muse | Cantor Fitzgerald | Raises | Overweight | $85.00 | $80.00 |
| Christian Schwab | Craig-Hallum | Raises | Buy | $88.00 | $67.00 |
| Tore Svanberg | Stifel | Raises | Buy | $86.00 | $72.00 |
| Quinn Bolton | Needham | Raises | Buy | $95.00 | $65.00 |
| Harsh Kumar | Piper Sandler | Raises | Overweight | $100.00 | $70.00 |
| Suji Desilva | Roth MKM | Raises | Buy | $95.00 | $60.00 |
| Christopher Rolland | Susquehanna | Raises | Positive | $95.00 | $80.00 |
| Joseph Moore | Morgan Stanley | Lowers | Equal-Weight | $71.00 | $84.00 |
| Gary Mobley | Wells Fargo | Raises | Overweight | $90.00 | $80.00 |
| Mark Lipacis | Jefferies | Raises | Buy | $98.00 | $68.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $95.00 | $80.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $84.00 | $74.00 |
| Chris Caso | Wolfe Research | Raises | Outperform | $90.00 | $70.00 |
| Harlan Sur | JP Morgan | Raises | Overweight | $90.00 | $70.00 |
| Ross Seymore | Deutsche Bank | Raises | Buy | $90.00 | $67.00 |
| John Vinh | Keybanc | Raises | Overweight | $95.00 | $70.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| Craig Ellis | B. Riley Securities | Raises | Buy | $95.00 | $85.00 |
| Rick Schafer | Oppenheimer | Raises | Outperform | $80.00 | $70.00 |
| Timothy Arcuri | UBS | Raises | Buy | $83.00 | $70.00 |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Marvell Tech compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Marvell Tech's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
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.
Unveiling the Story Behind Marvell Tech
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: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Marvell Tech's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 0.56%. This signifies 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: Marvell Tech's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -27.53%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marvell Tech's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.61%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Marvell Tech's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.83%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Marvell Tech's debt-to-equity ratio is below the industry average at 0.3, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
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.
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.
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