Citi has adjusted its price target for Marvell Technology (MRVL, Financial), bringing it down to $96 from the previous target of $122 while maintaining a Buy rating. This adjustment reflects uncertainties in the macroeconomic landscape.
The firm has revised its projections for hyperscale capital expenditures, reducing them by 5% for both 2025 and 2026. This reduction is driven by concerns regarding Microsoft (MSFT) cutting its capital expenditures, alongside broader global economic challenges tied to ongoing tariff disputes.
Despite these challenges, the negative impacts appear to be largely reflected in the current valuation of Marvell shares, according to the analyst's insights shared with investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 35 analysts, the average target price for Marvell Technology Inc (MRVL, Financial) is $109.80 with a high estimate of $140.00 and a low estimate of $60.00. The average target implies an upside of 107.68% from the current price of $52.87. More detailed estimate data can be found on the Marvell Technology Inc (MRVL) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, Marvell Technology Inc's (MRVL, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Marvell Technology Inc (MRVL, Financial) in one year is $94.06, suggesting a upside of 77.91% from the current price of $52.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Marvell Technology Inc (MRVL) Summary page.
