Marvell Technology (MRVL) Stock Forecast & Price Target

$65.72

+1.73 (+2.70%)

(As of 07/26/2024 ET)

Marvell Technology - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 21 Analyst Ratings

Based on 21 Wall Street analysts who have issued ratings for Marvell Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 1 has given a hold rating, and 20 have given a buy rating for MRVL.

Consensus Price Target

$85.50
30.10% Upside

High Forecast	$100.00
Average Forecast	$85.50
Low Forecast	$65.00

According to the 21 analysts' twelve-month price targets for Marvell Technology, the average price target is $85.50. The highest price target for MRVL is $100.00, while the lowest price target for MRVL is $65.00. The average price target represents a forecasted upside of 30.10% from the current price of $65.72.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	21 Buy rating(s)	20 Buy rating(s)	21 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	$85.50	$85.00	$81.13	$65.71
Forecasted Upside	30.10% Upside	23.85% Upside	20.83% Upside	32.84% Upside

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MRVL Analyst Recommendations 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.

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.

Marvell Technology Stock vs. The Competition

Type	Marvell Technology	Business Services Companies	S&P 500
Consensus Rating Score	2.95	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	30.10% Upside	127.94% Upside	9.15% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/9/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $95.00	+26.82%
5/31/2024	Barclays 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$75.00 ➝ $80.00	+18.47%
5/31/2024	Cantor Fitzgerald 3 of 5 stars	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$85.00 ➝ $85.00	+24.69%
5/31/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$80.00 ➝ $90.00	+32.02%
5/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$86.00 ➝ $90.00	+28.57%
5/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$88.00 ➝ $91.00	+30.00%
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5/31/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $100.00	+30.12%
5/31/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$71.00 ➝ $77.00	+0.20%
5/31/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$95.00 ➝ $95.00	+23.62%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$98.00 ➝ $85.00	+24.14%
4/12/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$95.00	+33.97%
3/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$91.00	+26.74%
3/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$75.00 ➝ $90.00	+5.77%
3/8/2024	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
3/4/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$100.00	+28.12%
2/26/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $83.00	+21.75%
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$62.00 ➝ $78.00	+12.81%
12/1/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$70.00 ➝ $65.00	+22.57%
12/1/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$75.00	+41.43%
12/1/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$75.00 ➝ $70.00	+32.00%
8/25/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$80.00 ➝ $75.00	+30.91%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$80.00	+21.90%
5/26/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$56.00 ➝ $67.00	+35.44%
5/26/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$54.00 ➝ $65.00	+31.39%
5/26/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $70.00	+41.50%
5/26/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$50.00 ➝ $65.00	+31.39%
3/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$54.00 ➝ $46.00	+7.20%
3/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$56.00 ➝ $53.00	+14.64%
12/2/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$60.00	+34.17%
12/2/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$70.00 ➝ $55.00	+31.48%
12/2/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $65.00	+43.17%
9/13/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:58 AM ET.

MRVL Forecast - Frequently Asked Questions

What is Marvell Technology's forecast for 2024?: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Marvell Technology is $85.50, with a high forecast of $100.00 and a low forecast of $65.00.
Should I buy or sell Marvell Technology stock right now?: 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There is currently 1 hold rating and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MRVL shares.
Does Marvell Technology's stock price have much upside?: According to analysts, Marvell Technology's stock has a predicted upside of 24.15% based on their 12-month stock forecasts.
What analysts cover Marvell Technology?: Marvell Technology has been rated by research analysts at B. Riley, Barclays, Cantor Fitzgerald, Evercore ISI, Jefferies Financial Group, KeyCorp, Morgan Stanley, Needham & Company LLC, Oppenheimer, and Stifel Nicolaus in the past 90 days.
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 2.64. Learn more on how MRVL compares to other companies.