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Marvell Technology Inc has a consensus price target of $90.63 based on the ratings of 33 analysts. The high is $120 issued by Rosenblatt on August 30, 2024. The low is $65 issued by TD Cowen on May 26, 2023. The 3 most-recent analyst ratings were released by Loop Capital, Citigroup, and Rosenblatt on November 11, 2024, October 14, 2024, and August 30, 2024, respectively. With an average price target of $102 between Loop Capital, Citigroup, and Rosenblatt, there's an implied 11.66% upside for Marvell Technology Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Marvell Tech (NASDAQ:MRVL) was reported by Loop Capital on November 11, 2024. The analyst firm set a price target for $95.00 expecting MRVL to rise to within 12 months (a possible 4.00% upside). 73 analyst firms have reported ratings in the last year.
The latest analyst rating for Marvell Tech (NASDAQ:MRVL) was provided by Loop Capital, and Marvell Tech initiated their hold rating.
The last upgrade for Marvell Technology Inc happened on March 8, 2024 when Summit Insights Group raised their price target to N/A. Summit Insights Group previously had a hold for Marvell Technology Inc.
There is no last downgrade for Marvell Tech.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Marvell Tech, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Marvell Tech was filed on November 11, 2024 so you should expect the next rating to be made available sometime around November 11, 2025.
While ratings are subjective and will change, the latest Marvell Tech (MRVL) rating was a initiated with a price target of $0.00 to $95.00. The current price Marvell Tech (MRVL) is trading at is $91.35, which is within the analyst’s predicted range.
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