Key Details
Price
$90.40Last Dividend
$0.06Annual ROE
-6.13%Beta
2.56Events Calendar
Next earnings date:
Dec 03, 2024Recent quarterly earnings:
Aug 29, 2024Recent annual earnings:
Mar 07, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 11, 2024Next split:
N/ARecent split:
July 25, 2006Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Zacks.com users have recently been watching Marvell (MRVL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Marvell (MRVL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Marvell Technology (MRVL) closed the most recent trading day at $93.14, moving +0.98% from the previous trading session.
In the most recent trading session, Marvell Technology (MRVL) closed at $90.70, indicating a +0.7% shift from the previous trading day.
MRVL's 30% surge reflects its AI strength and data center growth, but export risks and valuation suggest holding the stock for now.
Recently, Zacks.com users have been paying close attention to Marvell (MRVL). This makes it worthwhile to examine what the stock has in store.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the latest trading session, Marvell Technology (MRVL) closed at $93.80, marking a -0.15% move from the previous day.
Marvell's stock has risen 18% since my last recommendation in July, driven by growth in the AI infrastructure market. The company aims to capture 20% of the $40 billion custom AI chip market, with significant growth expected in 2025. A recovery in its non-AI segments should help boost revenue growth.
Marvell Technology's strong Q2 results and ambitious AI revenue targets signal significant growth potential, driven by robust demand in the data center infrastructure market. MRVL has secured key hyperscaler customers and expects to achieve $1.5 billion in AI revenue, with a strong ramp in custom AI chip business. Management's confidence and customer demand, particularly from Amazon, indicate Marvell's AI revenue targets are conservative, suggesting potential for upward revisions.
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