Beyond The Numbers: 14 Analysts Discuss Marvell Tech Stock
Portfolio Pulse from Benzinga Insights
14 analysts have shared their evaluations of Marvell Tech (NASDAQ:MRVL) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 5.26% to $95.57. Despite positive analyst sentiment, Marvell Tech faces challenges with a decline in revenue growth, low net margin, ROE, and ROA.
October 14, 2024 | 3:01 pm
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Marvell Tech (NASDAQ:MRVL) has received mixed analyst ratings, with a majority being bullish. The average 12-month price target has increased by 5.26% to $95.57. However, the company faces challenges with declining revenue growth and low profitability metrics.
The majority of analysts have a bullish outlook on MRVL, with an increase in the average price target. However, the company's financial challenges, such as declining revenue and low profitability, may offset the positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100