Analyst Ratings for Marvell Technology Group Ltd. (MRVL)

Updated: 2017-07-26

Marvell Technology Group Ltd. (NASDAQ:MRVL) was awarded an average rating of Overweight from investment analysts following the stock. About 30 days ago, MRVL was issued an average rating of Overweight.

A buy rating was issued by 13 analysts, 1 issued an overweight rating, 11 gave a hold rating, 1 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for MRVL. The maximum price target given was 25, implying a possible profit of 55.71 percent. The lowest price target was 10, which equates to a potential downside of -37.71 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 13.5 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.45 percent. If we look at the last 90 days instead, we find a net average change of 11.08 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MRVL to grow at a rate of 248.18 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. MRVL has a PEG ratio of 0.24.

MRVL has a 52-week high of 18.18 and a 52-week low of 11.27. The current market price is above the trailing year's low by 42.46 percent, and 11.69 percent lower than its 52-week high. MRVL has a P/E ratio of 59.4. Investors typically compare the P/E ratio to a company's peers in the industry. The MRVL value stock report compares MRVL to some of its peers using value stock charts. The stock has a market capitalization of $8.03 billion. MRVL's next earnings release will be on 0000-00-00, which is days away.