Ratings for Marvell Tech MRVL were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 8 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 0 | 0 | 0 |
| 3M Ago | 5 | 5 | 1 | 0 | 0 |
Analysts have recently evaluated Marvell Tech and provided 12-month price targets. The average target is $75.06, accompanied by a high estimate of $100.00 and a low estimate of $62.00. Marking an increase of 7.64%, the current average surpasses the previous average price target of $69.73.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of Marvell Tech by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Timothy Arcuri | UBS | Raises | Buy | $83.00 | $70.00 |
| C J Muse | Cantor Fitzgerald | Announces | Overweight | $80.00 | - |
| Srini Pajjuri | Raymond James | Raises | Outperform | $78.00 | $62.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $75.00 | $70.00 |
| Atif Malik | Citigroup | Raises | Buy | $75.00 | $61.00 |
| Blayne Curtis | Barclays | Lowers | Overweight | $70.00 | $75.00 |
| Timothy Arcuri | UBS | Lowers | Buy | $70.00 | $75.00 |
| Harsh Kumar | Piper Sandler | Lowers | Overweight | $70.00 | $75.00 |
| Cody Acree | Benchmark | Maintains | Buy | $75.00 | - |
| Christopher Rolland | Susquehanna | Lowers | Positive | $65.00 | $70.00 |
| Joseph Moore | Morgan Stanley | Lowers | Equal-Weight | $63.00 | $65.00 |
| Srini Pajjuri | Raymond James | Lowers | Outperform | $62.00 | $64.00 |
| Quinn Bolton | Needham | Maintains | Buy | $65.00 | - |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| John Vinh | Keybanc | Lowers | Overweight | $70.00 | $80.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Marvell Tech. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Marvell Tech compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Marvell Tech's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Marvell Tech's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Marvell Tech analyst ratings.
Discovering Marvell Tech: A Closer Look
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Financial Insights: Marvell Tech
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Marvell Tech's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -7.72%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Marvell Tech's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -11.58%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marvell Tech's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.07%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Marvell Tech's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.76%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.29, Marvell Tech adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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