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MSFT   415.95 (+0.56%)
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NVDA   873.80 (+1.60%)
AMD   163.55 (+2.01%)
NIO   3.84 (-1.29%)
BABA   70.09 (-0.75%)
T   16.05 (-1.17%)
F   12.18 (-0.41%)
MU   121.26 (-0.09%)
GE   155.55 (+1.20%)
CGC   6.86 (-1.72%)
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Marvell Technology (MRVL) Stock Forecast & Price Target

$68.38
+0.50 (+0.74%)
(As of 01:04 PM ET)

Marvell Technology Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 21 Analyst Ratings

Analysts' Consensus Price Target

$81.13
18.64% Upside
High Forecast$100.00
Average Forecast$81.13
Low Forecast$65.00
TypeCurrent Forecast
4/17/23 to 4/16/24
1 Month Ago
3/18/23 to 3/17/24
3 Months Ago
1/17/23 to 1/17/24
1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
19 Buy rating(s)
20 Buy rating(s)
22 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$81.13$75.08$68.88$58.54
Predicted Upside18.64% Upside17.69% Upside25.66% Upside29.60% Upside
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MRVL Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MRVL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Marvell Technology Stock vs. The Competition

TypeMarvell TechnologyBusiness Services CompaniesS&P 500
Consensus Rating Score
2.95
2.62
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside17.79% Upside268.43% Upside11.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/16/2024Evercore ISI
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 Initiated CoverageOutperform$88.00+29.64%
4/12/2024Roth Mkm
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 Reiterated RatingBuy ➝ Buy$95.00+33.97%
4/12/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$86.00+20.68%
4/12/2024Cantor Fitzgerald
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C. Muse
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Reiterated RatingOverweight ➝ Overweight$85.00+18.29%
4/12/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$95.00+32.81%
4/8/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$95.00 ➝ $90.00+23.03%
3/27/2024Citigroup
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 Reiterated RatingBuy ➝ Buy$91.00+26.74%
3/8/2024TD Cowen
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 Boost TargetOutperform$75.00 ➝ $90.00+5.77%
3/8/2024Summit Insights
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 UpgradeHold ➝ Buy
3/7/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$63.00 ➝ $84.00+0.11%
3/4/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$100.00+28.12%
3/4/2024B. Riley
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 Reiterated RatingBuy ➝ Buy$85.00 ➝ $95.00+21.64%
2/29/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$70.00 ➝ $80.00+14.45%
2/26/2024UBS Group
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 Boost TargetBuy ➝ Buy$70.00 ➝ $83.00+21.75%
1/19/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$62.00 ➝ $78.00+12.81%
1/16/2024Barclays
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 Boost TargetOverweight ➝ Overweight$70.00 ➝ $75.00+14.73%
12/1/2023Susquehanna
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 Lower TargetPositive ➝ Positive$70.00 ➝ $65.00+22.57%
12/1/2023Benchmark
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 Reiterated RatingBuy ➝ Buy$75.00+41.43%
12/1/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$75.00 ➝ $70.00+32.00%
8/25/2023Bank of America
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 Lower TargetBuy ➝ Buy$80.00 ➝ $75.00+30.91%
7/19/2023Wolfe Research
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 Initiated CoverageOutperform$80.00+21.90%
5/26/2023Craig Hallum
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 Boost Target$56.00 ➝ $67.00+35.44%
5/26/2023Wells Fargo & Company
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 Boost Target$54.00 ➝ $65.00+31.39%
5/26/2023JPMorgan Chase & Co.
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 Boost Target$60.00 ➝ $70.00+41.50%
5/26/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$50.00 ➝ $65.00+31.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:21 PM ET.

MRVL Price Target - Frequently Asked Questions

What is Marvell Technology's consensus rating and price target?

According to the issued ratings of 21 analysts in the last year, the consensus rating for Marvell Technology stock is Moderate Buy based on the current 1 hold rating and 20 buy ratings for MRVL. The average twelve-month price prediction for Marvell Technology is $81.13 with a high price target of $100.00 and a low price target of $65.00. Learn more on MRVL's analyst rating history.

Do Wall Street analysts like Marvell Technology more than its competitors?

Analysts like Marvell Technology more than other Business Services companies. The consensus rating score for Marvell Technology is 2.95 while the average consensus rating score for business services companies is 2.62. Learn more on how MRVL compares to other companies.

Is Marvell Technology being upgraded by Wall Street analysts?

Over the previous 90 days, Marvell Technology's stock had 1 upgrade by analysts.

Does Marvell Technology's stock price have much upside?

According to analysts, Marvell Technology's stock has a predicted upside of 20.83% based on their 12-month stock forecasts.

What analysts cover Marvell Technology?

Stock Ratings Reports and Tools

This page (NASDAQ:MRVL) was last updated on 4/16/2024 by MarketBeat.com Staff

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