MRVL Stock Forecast is $62

MRVL Stock Forecast is $62

MRVL Stock Forecast for the next 12 months is $62


MRVL Stock Forecast: Price today

MRVL Stock Forecast: Positive Factors

High profitability: Marvell Company has seen good revenue growth and high profitability with a 40.7% increase in y-y revenue.

Data center and Cloud solutions: Company has a major focus on cloud infrastructural solutions and the data center area and Analysts expect to see solid growth in these areas including data center optical equipment.

MRVL Stock Forecast: Negative Factors

  • Supply chain issues: Supply chain disruptions are present all over the industry. Marvell has been struggling with supply shortages which is affecting its ability to ship products.
  • Inflation: The increasing prices and the slow economy are affecting its stock price.
  • Decreasing technology spending: Analysts see a decrease in technology spending in the cloud industry due to macroeconomic issues and the slow-moving economy.

MRVL Stock Forecast: Q2 Results

  • MRVL has released its 2nd quarter (which ended on July 30, 2022) reports.
  • Its Total revenues are $1.52 Billion in Q2 2022, up 40.7% year-over-year and up 4.8% quarter-over-quarter.
  • Its gross profit is $786 million, up 4.7% q-q.
  • Its net income is $4.3million, up 102.6% q-q.
  • Its operating income is $39.1 Million decreased by 43.4% q-q.
  • The company‚Äôs diluted earnings per share (EPS) is 0.01$ compared to -0.2$ in the previous quarter, which is up 102.5% and its non-GAAP diluted income per share is $0.57 

MRVL Stock Price Prediction for the next 12 months

Average MRVL Stock Forecast for the next 12 Months$62
Goldman Sachs$62
Wells Fargo$58
Deutsche Bank$55
Citigroup$71
Bank of America$65

MRVL Stock Forecast Today

Overall OutlookNeutral
1. Market's WisdomNeutral
1a. Market DataPartially Negative
1b. Technical RecommendationBuy
2. Crowd's WisdomNeutral
2a. Social Media BuzzNeutral
2b. Social Media SentimentNeutral

MRVL Stock Forecast: Conclusion

Marvell stock has performed well in the 3rd quarter and has good profitability. The data center area is expected to see solid growth but analysts expect to see slower growth due to various supply chain issues present in the industry. So, MRVL stock is expected to grow in the long term.

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Vaishnavi Bommu

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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