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.

Investment analysts gave a few price targets for MRVL. The most optimistic analyst gave a price target of 25, implying potential capital gains of 55.71 percent. The most pessimistic price target was 10, implying a possible loss of -37.71 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 13.5 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.45 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 11.08 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

MRVL has an estimated earnings growth rate of 248.18 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies 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. Today's price is 42.46 percent above the 52-week low, and below the high by 11.69 percent. 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 will post this quarters earnings in days, on 0000-00-00.