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Marvell Technology Group Price Target & Analyst Ratings (NASDAQ:MRVL)

+0.72 (+3.07 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
Now: $24.17
50-Day Range
MA: $25.67
52-Week Range
Now: $24.17
Volume10.44 million shs
Average Volume10.08 million shs
Market Capitalization$16.12 billion
P/E Ratio28.44
Dividend Yield1.02%

Analyst Ratings

Marvell Technology Group (NASDAQ:MRVL) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.
24 Wall Street analysts have issued ratings and price targets for Marvell Technology Group in the last 12 months. Their average twelve-month price target is $28.25, suggesting that the stock has a possible upside of 16.87%. The high price target for MRVL is $32.00 and the low price target for MRVL is $24.00. There are currently 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyBuy
Consensus Rating Score: 2.832.882.842.86
Ratings Breakdown: 0 Sell Rating(s)
4 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
3 Hold Rating(s)
22 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
4 Hold Rating(s)
21 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
3 Hold Rating(s)
19 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $28.25$27.52$26.88$25.87
Price Target Upside: 16.87% upside9.46% upside15.18% upside16.01% upside

Marvell Technology Group (NASDAQ:MRVL) Consensus Price Target History

Average Share Price and Price Target 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 Group (NASDAQ:MRVL) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
12/6/2019ArgusBoost Price TargetBuy$30.00Low
12/4/2019B. RileyInitiated CoverageBuy$32.00High
12/4/2019JPMorgan Chase & Co.Boost Price TargetOverweight$27.00 ➝ $31.00High
12/4/2019Morgan StanleyBoost Price TargetEqual Weight$20.00 ➝ $24.00High
12/4/2019William BlairReiterated RatingOutperformHigh
12/4/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$28.00High
12/2/2019Susquehanna BancsharesReiterated RatingBuy$28.00High
11/26/2019Rosenblatt SecuritiesReiterated RatingBuy$28.00Low
11/4/2019Wells Fargo & CoUpgradeMarket Perform ➝ Outperform$25.00 ➝ $32.00High
10/4/2019Stifel NicolausReiterated RatingBuy$29.00Low
9/1/2019Needham & Company LLCReiterated RatingBuy$28.00High
8/30/2019Piper Jaffray CompaniesSet Price TargetBuy$30.00Low
8/30/2019BenchmarkSet Price TargetBuy$30.00Low
8/30/2019OppenheimerSet Price TargetBuy$30.00Low
8/30/2019BarclaysSet Price TargetBuy$30.00Low
8/30/2019Bank of AmericaSet Price TargetBuy$28.00Low
8/30/2019Craig HallumUpgradeHold ➝ Buy$28.00High
8/26/2019CowenSet Price TargetOutperform$28.00 ➝ $27.00Medium
8/23/2019UBS GroupSet Price TargetBuy$29.00Low
7/21/2019Goldman Sachs GroupDowngradeBuy ➝ Neutral$24.00 ➝ $25.00Low
6/19/2019Raymond JamesInitiated CoverageMkt Perform ➝ Market Perform$24.55Medium
5/31/2019MKM PartnersBoost Price TargetBuy$25.00 ➝ $28.00Low
2/19/2019MacquarieUpgradeNeutral ➝ Outperform$24.00Low
12/3/2018Credit Suisse GroupReiterated RatingBuy$30.00High
12/3/2018Deutsche BankLower Price TargetBuy ➝ Buy$25.00 ➝ $22.00Low
6/26/2018Evercore ISIInitiated CoverageOutperform$27.00High
4/18/2018Longbow ResearchInitiated CoverageBuy ➝ Buy$27.00Medium
(Data available from 12/7/2017 forward)
This page was last updated on 12/7/2019 by MarketBeat.com Staff

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