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.

MRVL was given price targets by several analysts. The maximum price target given was 25, implying a possible profit of 55.71 percent. The most pessimistic price target was 10, which equates to a potential downside of -37.71 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

MRVL has an estimated earnings growth rate of 248.18 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MRVL is 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 market cap of MRVL is $8.03 billion. MRVL will post this quarters earnings in days, on 0000-00-00.