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Marvell Technology Inc has a consensus price target of $90.48 based on the ratings of 32 analysts. The high is $120 issued by Rosenblatt on August 30, 2024. The low is $65 issued by TD Cowen on May 26, 2023. The 3 most-recent analyst ratings were released by Rosenblatt, B of A Securities, and Benchmark on August 30, 2024, respectively. With an average price target of $108.33 between Rosenblatt, B of A Securities, and Benchmark, there's an implied 42.36% upside for Marvell Technology Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Marvell Tech (NASDAQ:MRVL) was reported by Rosenblatt on August 30, 2024. The analyst firm set a price target for $120.00 expecting MRVL to rise to within 12 months (a possible 57.69% upside). 72 analyst firms have reported ratings in the last year.
The latest analyst rating for Marvell Tech (NASDAQ:MRVL) was provided by Rosenblatt, and Marvell Tech maintained their buy rating.
The last upgrade for Marvell Technology Inc happened on March 8, 2024 when Summit Insights Group raised their price target to N/A. Summit Insights Group previously had a hold for Marvell Technology Inc.
There is no last downgrade for Marvell Tech.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Marvell Tech, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Marvell Tech was filed on August 30, 2024 so you should expect the next rating to be made available sometime around August 30, 2025.
While ratings are subjective and will change, the latest Marvell Tech (MRVL) rating was a maintained with a price target of $100.00 to $120.00. The current price Marvell Tech (MRVL) is trading at is $76.10, which is out of the analyst’s predicted range.
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