Expert Outlook: Marvell Tech Through The Eyes Of 16 Analysts
Portfolio Pulse from Benzinga Insights
Marvell Tech (NASDAQ:MRVL) received mixed ratings from 16 analysts, with a recent shift towards bullish sentiment. The average 12-month price target is $75.06, marking a 7.64% increase from the previous target. Analysts' actions vary from maintaining to raising and lowering their ratings, reflecting dynamic market conditions. Marvell Tech, a fabless chip designer, faces challenges in market capitalization, revenue growth, net margin, ROE, and ROA, but maintains a prudent debt management strategy.
February 26, 2024 | 5:00 pm
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Marvell Tech received mixed analyst ratings, with a new average 12-month price target of $75.06, indicating a positive sentiment shift. The company faces challenges in revenue, profitability, and market capitalization.
The increase in the average 12-month price target to $75.06 from $69.73 suggests a positive outlook from analysts, despite the company's challenges in revenue growth and profitability. The mixed ratings indicate uncertainty, but the overall shift towards bullish sentiment could positively impact MRVL's short-term stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100