NASDAQ:MRVL

Marvell Technology - MRVL Price Target & Analyst Ratings

$40.87

+0.52 (+1.29%)

(As of 03/21/2023 01:28 PM ET)

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Today's Range: $40.56
▼
$41.77
50-Day Range: $37.01
▼
$48.76
52-Week Range: $33.75
▼
$76.59

Volume: 4.57 million shs
Average Volume: 12.29 million shs
Market Capitalization: $35.02 billion

P/E Ratio: N/A
Dividend Yield: 0.59%
Price Target: $58.54

Institutional Ownership

Marvell Technology Consensus Rating and Price Target (2023)

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 Analyst Rating

Moderate Buy
Based on 24 Analyst Ratings

Consensus Analyst Price Target

$58.54
43.23% Upside

High Prediction	$100.00
Average Prediction	$58.54
Low Prediction	$45.00

Type	Current 3/21/22 to 3/21/23	1 Month Ago 2/19/22 to 2/19/23	3 Months Ago 12/21/21 to 12/21/22	1 Year Ago 3/21/21 to 3/21/22
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	22 Buy rating(s)	22 Buy rating(s)	22 Buy rating(s)	25 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$58.54	$63.54	$64.31	$98.16
Predicted Upside	43.23% Upside	36.79% Upside	37.37% Upside	38.59% 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.

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	2.92	2.55	2.47
Consensus Rating	Moderate Buy	Buy	Hold
Predicted Upside	43.55% Upside	393.00% Upside	21.16% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/9/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive	$50.00	+30.28%
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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$72.00 ➝ $60.00	+42.59%
3/3/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$50.00	+8.15%
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%
3/3/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$55.00 ➝ $50.00	+8.15%

3/3/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$125.00 ➝ $100.00	+116.31%
3/3/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$65.00 ➝ $58.00	+25.46%
3/3/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $60.00	+29.79%
3/3/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$41.00 ➝ $45.00	-2.66%
3/3/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$65.00 ➝ $60.00	+29.79%
3/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$55.00 ➝ $50.00	+8.15%
3/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$54.00	+19.05%
1/23/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$55.00 ➝ $45.00	+13.98%
1/10/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$80.00 ➝ $70.00	+89.60%
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	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$58.00 ➝ $54.00	+18.94%
12/2/2022	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$90.00 ➝ $63.00	+38.77%
12/2/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $65.00	+43.17%
10/4/2022	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Ellis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	$63.00 ➝ $52.00	+16.85%
9/29/2022	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$78.00 ➝ $70.00	+57.13%
9/13/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
8/28/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $65.00	+29.56%
8/3/2022	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$70.00	+20.23%
3/4/2022	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
12/7/2021	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
12/6/2021	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$74.00 ➝ $105.00	+26.35%
12/3/2021	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Lipacis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$82.00 ➝ $98.00	+37.97%
10/7/2021	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Vecchi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
6/8/2021	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	C.J. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Top Pick ➝ Outperform	$55.00 ➝ $63.00	+30.52%
10/2/2020	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$45.00 ➝ $50.00	+24.69%
5/29/2020	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$27.00 ➝ $35.00	+10.20%

(Data available from 3/21/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

MRVL Price Target - Frequently Asked Questions

What is Marvell Technology's consensus rating and price target?: According to the issued ratings of 24 analysts in the last year, the consensus rating for Marvell Technology stock is Moderate Buy based on the current 2 hold ratings and 22 buy ratings for MRVL. The average twelve-month price prediction for Marvell Technology is $58.54 with a high price target of $100.00 and a low price target of $45.00. 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 for Marvell Technology is Moderate Buy while the average consensus rating for business services companies is Buy. Learn more on how MRVL compares to other companies.
Does Marvell Technology's stock price have much upside?: According to analysts, Marvell Technology's stock has a predicted upside of 29.60% based on their 12-month price targets.

What analysts cover Marvell Technology?: Marvell Technology has been rated by Barclays, Citigroup, Credit Suisse Group, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Raymond James, Rosenblatt Securities, Susquehanna, The Goldman Sachs Group, and UBS Group in the past 90 days.

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This page (NASDAQ:MRVL) was last updated on 3/21/2023 by MarketBeat.com Staff

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