Key Takeaways:
- Marvell Technology (MRVL, Financial) receives an upgrade to 'Buy' from hold by prominent analyst Mike Zaccardi.
- Analyst consensus suggests a significant upside potential based on current price targets.
- GuruFocus indicates a notable discrepancy between current trading price and its estimated fair value.
Marvell Technology (MRVL) has been upgraded from 'Hold' to 'Buy' by analyst Mike Zaccardi. While technical concerns are present, the company's robust fundamentals and promising growth prospects position it as a compelling investment option in anticipation of its upcoming May earnings report.
Wall Street Analysts Forecast
According to one-year price targets provided by 35 analysts, Marvell Technology Inc (MRVL, Financial) has an average target price of $104.40, with projections ranging from a high of $140.00 to a low of $60.00. Notably, this average target indicates a remarkable 92.05% potential upside from its current price of $54.36. For more comprehensive estimate data, visit the Marvell Technology Inc (MRVL) Forecast page.
From the collective insights of 39 brokerage firms, Marvell Technology Inc's (MRVL, Financial) mean brokerage recommendation is presently 1.8, signifying an "Outperform" status. The recommendation scale spans from 1, indicating Strong Buy, to 5, representing Sell.
GuruFocus Valuation
GuruFocus assessment estimates Marvell Technology Inc's (MRVL, Financial) GF Value at $94.00 in the upcoming year. This estimate suggests a promising upside of 72.92% from its current price of $54.36. The GF Value represents GuruFocus' evaluated fair trading price, derived from historical trading multiples, past business growth, and future performance forecasts. For a deeper dive into this data, visit the Marvell Technology Inc (MRVL) Summary page.
