What 13 Analyst Ratings Have To Say About Marvell Tech
Portfolio Pulse from Benzinga Insights
Marvell Tech (NASDAQ:MRVL) has been analyzed by 13 analysts, showing a range of opinions. The average 12-month price target is $72.69, up from the previous $70.62. Analysts from firms like Citigroup, Barclays, and UBS have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Marvell Tech, a fabless chip designer, faces challenges with a -7.72% revenue decline, a net margin of -11.58%, and an ROE of -1.07%. Despite this, its debt-to-equity ratio of 0.29 suggests a balanced approach to debt management.
January 12, 2024 | 9:00 pm
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NEUTRAL IMPACT
Marvell Tech's stock may see short-term impact from the mixed analyst ratings and the updated average price target of $72.69. The company's recent revenue decline and below-average profitability metrics could weigh on investor sentiment.
The mixed analyst ratings and the slight increase in the average price target could create uncertainty in the short term. However, the company's revenue decline and profitability issues are significant factors that might temper investor enthusiasm, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100