In the latest quarter, 15 analysts provided ratings for Marvell Tech MRVL, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 7 | 4 | 1 | 0 | 0 |
Analysts have recently evaluated Marvell Tech and provided 12-month price targets. The average target is $96.2, accompanied by a high estimate of $120.00 and a low estimate of $82.00. This upward trend is apparent, with the current average reflecting a 6.81% increase from the previous average price target of $90.07.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Marvell Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $120.00 | $100.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $90.00 | $85.00 |
| Cody Acree | Benchmark | Raises | Buy | $115.00 | $105.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $85.00 | $85.00 |
| Blayne Curtis | Barclays | Raises | Overweight | $85.00 | $80.00 |
| Harsh Kumar | Piper Sandler | Maintains | Overweight | $100.00 | $100.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $87.00 | $77.00 |
| Tore Svanberg | Stifel | Raises | Buy | $95.00 | $90.00 |
| Mark Lipacis | Evercore ISI Group | Raises | Outperform | $98.00 | $91.00 |
| Suji Desilva | Roth MKM | Maintains | Buy | $95.00 | $95.00 |
| Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $82.00 | $77.00 |
| Quinn Bolton | Needham | Maintains | Buy | $95.00 | $95.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Marvell Tech. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Marvell Tech compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Marvell Tech's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Marvell Tech's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Marvell Tech analyst ratings.
Discovering Marvell Tech: A Closer Look
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 Financial Performance
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Marvell Tech's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately -5.07%. This indicates a decrease 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 falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -15.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marvell Tech's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.35%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Marvell Tech's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.95%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.31.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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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