Marvell (MRVL) Stock Forecast, Price Target & Predictions
MRVL Stock Forecast
Marvell stock forecast is as follows: an average price target of $80.00 (represents a 11.23% upside from MRVL’s last price of $71.92) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.
MRVL Price Target
The average price target for Marvell (MRVL) is $80.00 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $53.00. This represents a potential 11.23% upside from MRVL's last price of $71.92.
MRVL Analyst Ratings
According to 26 Wall Street analysts, Marvell's rating consensus is 'Buy'. The analyst rating breakdown for MRVL stock is 1 'Strong Buy' (3.85%), 23 'Buy' (88.46%), 2 'Hold' (7.69%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Marvell Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 15, 2024 | Mark Lipacis | Evercore ISI | $88.00 | $67.88 | 29.64% | 22.36% |
| Apr 12, 2024 | Quinn Bolton | Needham | $95.00 | $70.99 | 33.82% | 32.09% |
| Apr 12, 2024 | Joseph Moore | Morgan Stanley | $71.00 | $71.99 | -1.38% | -1.28% |
| Apr 12, 2024 | Suji Desilva | Roth Capital | $95.00 | $71.53 | 32.81% | 32.09% |
| Apr 08, 2024 | John Vinh | KeyBanc | $90.00 | $71.67 | 25.58% | 25.14% |
| Mar 19, 2024 | Rick Shafer | Oppenheimer | $80.00 | $65.06 | 22.96% | 11.23% |
| Mar 11, 2024 | Chris Caso | Wolfe Research | $90.00 | $75.42 | 19.33% | 25.14% |
| Mar 08, 2024 | John Vinh | Loop Capital Markets | $95.00 | $76.27 | 24.56% | 32.09% |
| Dec 01, 2023 | Toshiya Hari | Goldman Sachs | $60.00 | $52.53 | 14.22% | -16.57% |
| Aug 25, 2023 | Quinn Bolton | Needham | $65.00 | $52.88 | 22.92% | -9.62% |
The latest Marvell stock forecast, released on Apr 15, 2024 by Mark Lipacis from Evercore ISI, set a price target of $88.00, which represents a 29.64% increase from the stock price at the time of the forecast ($67.88), and a 22.36% increase from MRVL last price ($71.92).
Marvell Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 8 | 12 |
| Avg Price Target | - | $88.00 | $83.25 |
| Last Closing Price | $71.92 | $71.92 | $71.92 |
| Upside/Downside | -100.00% | 22.36% | 15.75% |
In the current month, the average price target of Marvell stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Marvell's last price of $71.92. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 13, 2024 | Wolfe Research | Buy | Buy | Hold |
| May 13, 2024 | Wells Fargo | Underperform | Underperform | Hold |
| Apr 15, 2024 | Evercore ISI | - | Outperform | Initialise |
| Apr 12, 2024 | Needham | Buy | Buy | Hold |
| Apr 08, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Apr 05, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Mar 27, 2024 | Citigroup | Buy | Buy | Hold |
| Mar 11, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Mar 08, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Mar 08, 2024 | Jefferies | Buy | Buy | Hold |
Marvell's last stock rating was published by Wolfe Research on May 13, 2024. The company gave MRVL a "Buy" rating, the same as its previous rate.
Marvell Financial Forecast
Marvell Revenue Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.43B | - | - | - | - | - | - | - | - | - | - | $832.28M | - | - | - | - | - | - |
| Avg Forecast | $2.15B | $2.07B | $1.96B | $1.87B | $1.90B | $1.84B | $1.75B | $1.68B | $1.66B | $1.57B | $1.44B | $1.37B | $1.42B | $1.40B | $1.33B | $1.30B | $1.40B | $1.55B | $1.52B | $1.43B | $1.32B | $1.15B | $1.07B | $806.65M | $786.08M | $751.04M | $720.67M | $679.61M | $711.40M | $660.53M |
| High Forecast | $2.56B | $2.47B | $2.34B | $2.23B | $2.27B | $2.19B | $2.09B | $2.00B | $1.98B | $1.87B | $1.47B | $1.38B | $1.69B | $1.41B | $1.59B | $1.55B | $1.67B | $1.85B | $1.81B | $1.62B | $1.55B | $1.34B | $1.25B | $943.67M | $919.61M | $878.61M | $843.07M | $795.04M | $832.23M | $772.73M |
| Low Forecast | $2.07B | $1.99B | $1.89B | $1.80B | $1.83B | $1.76B | $1.68B | $1.61B | $1.60B | $1.51B | $1.42B | $1.32B | $1.41B | $1.34B | $1.28B | $1.25B | $1.34B | $1.49B | $1.46B | $1.38B | $1.29B | $1.12B | $1.04B | $784.76M | $764.75M | $730.65M | $701.11M | $661.16M | $692.09M | $642.61M |
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 8 | 12 | 18 | 18 | 17 | 17 | 8 | 9 | 15 | 9 | 15 | 7 | 10 | 8 | 12 | 7 | 12 | 12 | 7 | 7 | 8 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | - | - | - | - | - | - | - | - | 1.03% | - | - | - | - | - | - |
Marvell's average Quarter revenue forecast for May 24 based on 18 analysts is $1.37B, with a low forecast of $1.32B, and a high forecast of $1.38B. MRVL's average Quarter revenue forecast represents a -3.89% decrease compared to the company's last Quarter revenue of $1.43B (Feb 24).
Marvell EBITDA Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 8 | 12 | 18 | 18 | 17 | 17 | 8 | 9 | 15 | 9 | 15 | 7 | 10 | 8 | 12 | 7 | 12 | 12 | 7 | 7 | 8 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $352.60M | - | - | - | - | - | - | - | - | - | - | $99.61M | - | - | - | - | - | - |
| Avg Forecast | $613.30M | $590.00M | $559.79M | $533.07M | $543.06M | $523.36M | $499.27M | $479.39M | $474.45M | $446.79M | $411.68M | $473.20M | $334.91M | $80.92M | $456.93M | $430.18M | $304.46M | $73.57M | $415.39M | $406.83M | $276.78M | $66.88M | $92.23M | $155.56M | $148.78M | $214.13M | $205.48M | $193.77M | $73.54M | $188.33M |
| High Forecast | $730.80M | $703.03M | $667.04M | $635.20M | $647.10M | $623.63M | $594.92M | $571.24M | $565.35M | $532.39M | $418.43M | $567.84M | $401.89M | $97.11M | $548.32M | $516.22M | $365.35M | $88.28M | $498.47M | $461.70M | $332.14M | $80.26M | $110.68M | $186.68M | $178.54M | $250.51M | $240.38M | $226.68M | $88.25M | $220.32M |
| Low Forecast | $589.05M | $566.67M | $537.65M | $511.99M | $521.58M | $502.66M | $479.53M | $460.44M | $455.69M | $429.12M | $404.93M | $378.56M | $267.93M | $64.74M | $365.55M | $344.15M | $243.57M | $58.85M | $332.31M | $392.38M | $221.43M | $53.50M | $73.79M | $124.45M | $119.03M | $208.32M | $199.90M | $188.51M | $58.83M | $183.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | - | - | - | - | - | - | - | - | - | - | 0.64% | - | - | - | - | - | - |
18 analysts predict MRVL's average Quarter EBITDA for May 24 to be $473.20M, with a high of $567.84M and a low of $378.56M. This is 34.20% upper than Marvell's previous annual EBITDA (Feb 24) of $352.60M.
Marvell Net Income Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 8 | 12 | 18 | 18 | 17 | 17 | 8 | 9 | 15 | 9 | 15 | 7 | 10 | 8 | 12 | 7 | 12 | 12 | 7 | 7 | 8 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-392.70M | - | - | - | - | - | - | - | - | - | - | $-88.24M | - | - | - | - | - | - |
| Avg Forecast | $740.91M | $702.60M | $643.99M | $586.85M | $652.55M | $606.03M | $560.94M | $515.38M | $520.54M | $465.40M | $393.55M | $7.15M | $-65.71M | $-299.27M | $-178.70M | $6.50M | $-59.73M | $-272.06M | $-162.45M | $443.73M | $-54.30M | $-247.33M | $-81.71M | $16.54M | $-22.91M | $217.38M | $173.79M | $1.66B | $-82.50M | $147.58M |
| High Forecast | $925.45M | $877.59M | $804.39M | $733.01M | $815.08M | $756.98M | $700.65M | $643.74M | $650.19M | $581.31M | $435.71M | $8.58M | $-52.57M | $-239.42M | $-142.96M | $7.80M | $-47.79M | $-217.65M | $-129.96M | $521.52M | $-43.44M | $-197.86M | $-65.36M | $19.84M | $-18.33M | $265.38M | $212.16M | $1.99B | $-66.00M | $180.17M |
| Low Forecast | $702.82M | $666.48M | $610.89M | $556.68M | $619.01M | $574.88M | $532.10M | $488.88M | $493.78M | $441.47M | $351.39M | $5.72M | $-78.85M | $-359.12M | $-214.44M | $5.20M | $-71.68M | $-326.48M | $-194.94M | $423.24M | $-65.16M | $-296.80M | $-98.05M | $13.23M | $-27.49M | $209.71M | $167.66M | $1.33B | $-99.00M | $142.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 5.98% | - | - | - | - | - | - | - | - | - | - | -5.34% | - | - | - | - | - | - |
Marvell's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. MRVL's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Marvell SG&A Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 8 | 12 | 18 | 18 | 17 | 17 | 8 | 9 | 15 | 9 | 15 | 7 | 10 | 8 | 12 | 7 | 12 | 12 | 7 | 7 | 8 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $120.00M | - | - | - | - | - | - | - | - | - | - | $201.47M | - | - | - | - | - | - |
| Avg Forecast | $360.30M | $346.61M | $328.86M | $313.17M | $319.03M | $307.46M | $293.31M | $281.63M | $278.73M | $262.48M | $241.85M | $291.30M | $255.77M | $280.58M | $254.19M | $264.82M | $232.52M | $255.07M | $231.08M | $239.00M | $211.38M | $231.88M | $186.54M | $116.92M | $115.50M | $125.80M | $120.71M | $80.43M | $133.79M | $110.64M |
| High Forecast | $429.32M | $413.01M | $391.87M | $373.16M | $380.15M | $366.36M | $349.50M | $335.59M | $332.13M | $312.77M | $245.82M | $349.56M | $306.92M | $336.69M | $305.02M | $317.78M | $279.02M | $306.08M | $277.29M | $271.23M | $253.65M | $278.26M | $223.85M | $140.30M | $138.60M | $147.17M | $141.21M | $96.52M | $160.55M | $129.43M |
| Low Forecast | $346.05M | $332.90M | $315.86M | $300.78M | $306.42M | $295.30M | $281.71M | $270.49M | $267.70M | $252.10M | $237.89M | $233.04M | $204.61M | $224.46M | $203.35M | $211.86M | $186.01M | $204.06M | $184.86M | $230.51M | $169.10M | $185.50M | $149.23M | $93.53M | $92.40M | $122.38M | $117.44M | $64.34M | $107.04M | $107.64M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | - | - | - | - | - | - | - | - | - | - | 1.72% | - | - | - | - | - | - |
Marvell's average Quarter SG&A projection for May 24 is $291.30M, based on 18 Wall Street analysts, with a range of $233.04M to $349.56M. The forecast indicates a 142.75% rise compared to MRVL last annual SG&A of $120.00M (Feb 24).
Marvell EPS Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 8 | 12 | 18 | 18 | 17 | 17 | 8 | 9 | 15 | 9 | 15 | 7 | 10 | 8 | 12 | 7 | 12 | 12 | 7 | 7 | 8 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.45 | - | - | - | - | - | - | - | - | - | - | $-0.13 | - | - | - | - | - | - |
| Avg Forecast | $0.86 | $0.81 | $0.74 | $0.68 | $0.75 | $0.70 | $0.65 | $0.60 | $0.60 | $0.54 | $0.46 | $0.40 | $0.46 | $0.40 | $0.32 | $0.29 | $0.46 | $0.59 | $0.56 | $0.51 | $0.48 | $0.38 | $0.31 | $0.27 | $0.29 | $0.25 | $0.20 | $0.14 | $0.16 | $0.17 |
| High Forecast | $1.07 | $1.01 | $0.93 | $0.85 | $0.94 | $0.88 | $0.81 | $0.74 | $0.75 | $0.67 | $0.50 | $0.42 | $0.47 | $0.50 | $0.40 | $0.37 | $0.58 | $0.73 | $0.70 | $0.60 | $0.59 | $0.47 | $0.38 | $0.33 | $0.36 | $0.31 | $0.25 | $0.17 | $0.20 | $0.21 |
| Low Forecast | $0.81 | $0.77 | $0.71 | $0.64 | $0.72 | $0.66 | $0.62 | $0.57 | $0.57 | $0.51 | $0.41 | $0.38 | $0.45 | $0.39 | $0.31 | $0.28 | $0.44 | $0.56 | $0.54 | $0.49 | $0.47 | $0.37 | $0.30 | $0.26 | $0.28 | $0.24 | $0.19 | $0.14 | $0.16 | $0.16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.97% | - | - | - | - | - | - | - | - | - | - | -0.48% | - | - | - | - | - | - |
According to undefined Wall Street analysts, Marvell's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to MRVL previous annual EPS of $NaN (undefined).
Marvell Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INTC | Intel | $31.83 | $40.88 | 28.43% | Hold |
| MRVL | Marvell | $71.92 | $80.00 | 11.23% | Buy |
| TSM | Taiwan Semiconductor Manufacturing | $151.68 | $157.67 | 3.95% | Buy |
| AMD | Advanced Micro Devices | $164.47 | $160.66 | -2.32% | Buy |
| QCOM | QUALCOMM | $193.86 | $181.48 | -6.39% | Buy |
| MU | Micron | $125.29 | $111.79 | -10.78% | Buy |
| AVGO | Broadcom | $1.40K | $1.09K | -21.59% | Buy |
| NVDA | NVIDIA | $924.79 | $699.32 | -24.38% | Buy |
MRVL Forecast FAQ
Is Marvell a good buy?
Yes, according to 26 Wall Street analysts, Marvell (MRVL) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 23 'Buy' recommendations, accounting for 92.31% of MRVL's total ratings.
What is MRVL's price target?
Marvell (MRVL) average price target is $80 with a range of $53 to $115, implying a 11.23% from its last price of $71.92. The data is based on 26 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Marvell stock go up soon?
According to Wall Street analysts' prediction for MRVL stock, the company can go up by 11.23% (from the last price of $71.92 to the average price target of $80), up by 59.90% based on the highest stock price target, and down by -26.31% based on the lowest stock price target.
Can Marvell stock reach $110?
MRVL's highest twelve months analyst stock price target of $115 supports the claim that Marvell can reach $110 in the near future.
What are Marvell's analysts' financial forecasts?
Marvell's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $7.17B (high $8.55B, low $6.89B), average EBITDA is $2.05B (high $2.44B, low $1.96B), average net income is $2.33B (high $2.92B, low $2.21B), average SG&A $1.2B (high $1.43B, low $1.15B), and average EPS is $2.7 (high $3.37, low $2.56). MRVL's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $8.05B (high $9.6B, low $7.73B), average EBITDA is $2.3B (high $2.74B, low $2.21B), average net income is $2.67B (high $3.34B, low $2.54B), average SG&A $1.35B (high $1.61B, low $1.3B), and average EPS is $3.09 (high $3.86, low $2.93).
Did the MRVL's actual financial results beat the analysts' financial forecasts?
Based on Marvell's last annual report (Feb 2024), the company's revenue was $5.51B, beating the average analysts forecast of $5.45B by 1.03%. Apple's EBITDA was $961.1M, missing the average prediction of $1.3B by -26.24%. The company's net income was $-933M, beating the average estimation of $-537M by 73.76%. Apple's SG&A was $484.2M, missing the average forecast of $1.06B by -54.12%. Lastly, the company's EPS was $-1.08, missing the average prediction of $1.48 by -173.06%. In terms of the last quarterly report (Feb 2024), Marvell's revenue was $1.43B, beating the average analysts' forecast of $1.42B by 0.40%. The company's EBITDA was $352.6M, beating the average prediction of $334.91M by 5.28%. Marvell's net income was $-393M, beating the average estimation of $-65.708M by 497.64%. The company's SG&A was $120M, missing the average forecast of $255.77M by -53.08%. Lastly, the company's EPS was $-0.45, missing the average prediction of $0.462 by -197.37%