Unveiling 33 Analyst Insights On Marvell Tech
Portfolio Pulse from Benzinga Insights
33 analysts have recently updated their ratings on Marvell Tech (NASDAQ:MRVL), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $90.12, reflecting an 18.35% increase from the previous target of $76.15. Analyst actions include maintaining, raising, and lowering ratings and price targets, indicating varied expectations for Marvell Tech's performance. Despite the optimistic price targets, Marvell Tech's financial overview reveals challenges such as below-average market capitalization, revenue growth lagging behind industry peers, and lower net margin, ROE, and ROA compared to industry averages.
May 13, 2024 | 4:00 pm
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POSITIVE IMPACT
Marvell Tech has received mixed analyst ratings with a new average 12-month price target of $90.12, indicating a positive sentiment on its stock price. However, financial challenges such as below-average market cap, lagging revenue growth, and lower profitability metrics may temper investor enthusiasm.
The increase in the average 12-month price target suggests a positive outlook from analysts, which could lead to short-term price appreciation. However, the detailed financial overview highlights several areas of concern, including revenue growth lagging behind industry peers and lower profitability metrics, which could dampen investor sentiment and potentially limit the upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100