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Analysts' ratings for Marvell Tech (NASDAQ:MRVL) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 4 | 5 | 1 | 0 | 0 |
Last 30D | 1 | 0 | 0 | 0 | 0 |
1M Ago | 0 | 0 | 0 | 0 | 0 |
2M Ago | 0 | 1 | 0 | 0 | 0 |
3M Ago | 3 | 4 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $90.3, a high estimate of $100.00, and a low estimate of $77.00. Witnessing a positive shift, the current average has risen by 4.39% from the previous average price target of $86.50.
In examining recent analyst actions, we gain insights into how financial experts perceive Marvell Tech. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | $100.00 |
John Vinh | Keybanc | Raises | Overweight | $95.00 | $90.00 |
Blayne Curtis | Barclays | Raises | Overweight | $80.00 | $75.00 |
Rick Schafer | Oppenheimer | Raises | Outperform | $90.00 | $80.00 |
C J Muse | Cantor Fitzgerald | Maintains | Overweight | $85.00 | $85.00 |
Mark Lipacis | Evercore ISI Group | Raises | Outperform | $91.00 | $88.00 |
Tore Svanberg | Stifel | Raises | Buy | $90.00 | $86.00 |
Craig Ellis | B. Riley Securities | Raises | Buy | $100.00 | $95.00 |
Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $77.00 | $71.00 |
Quinn Bolton | Needham | Maintains | Buy | $95.00 | $95.00 |
Capture valuable insights into Marvell Tech's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Marvell Tech analyst ratings.
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining Marvell Tech's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -12.17% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Marvell Tech's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -18.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marvell Tech's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.47%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Marvell Tech's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.03%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Marvell Tech's debt-to-equity ratio is below the industry average at 0.3, reflecting a lower dependency on debt financing and a more conservative financial approach.
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: MRVL