Marvell Technology Inc has a consensus price target of $82.88, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Jefferies, Evercore ISI Group, and Roth MKM on May 13, 2024, April 16, 2024, and April 12, 2024. With an average price target of $89.33 between Jefferies, Evercore ISI Group, and Roth MKM, there's an implied 29.21% upside for Marvell Technology Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
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The latest price target for Marvell Tech (NASDAQ: MRVL) was reported by Jefferies on May 13, 2024. The analyst firm set a price target for $85.00 expecting MRVL to rise to within 12 months (a possible 22.94% upside). 84 analyst firms have reported ratings in the last year.
The latest analyst rating for Marvell Tech (NASDAQ: MRVL) was provided by Jefferies, and Marvell Tech 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 May 13, 2024 so you should expect the next rating to be made available sometime around May 13, 2025.
While ratings are subjective and will change, the latest Marvell Tech (MRVL) rating was a with a price target of $98.00 to $85.00. The current price Marvell Tech (MRVL) is trading at is $69.14, which is out of the analyst’s predicted range.
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