Do Analysts Expect Marvell Technology Group Ltd. (MRVL) Stock to Rise Next Year?

Tuesday, June 30, 2020 1:50 PM | InvestorsObserver Analysts

Wall Street is positive on Marvell Technology Group Ltd. (MRVL). On average, analysts give the stock a Strong Buy rating. The average price target is $34.562, which means analysts expect the stock to decline by -0.66% over the next twelve months.

That average ranking earns the stock an Analyst Rating of 61, which is better than 61% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.4
Wall Street analysts are rating MRVL a Strong Buy today. Find out what this means to you and get the rest of the rankings on MRVL!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Marvell Technology Group Ltd. Stock Today?

Marvell Technology Group Ltd. (MRVL) stock is trading at $34.79 as of 1:38 PM on Tuesday, Jun 30, a gain of $1.23, or 3.67% from the previous closing price of $33.56. The stock has traded between $33.62 and $35.09 so far today. Volume today is low. So far 4,296,639 shares have traded compared to average volume of 10,523,580 shares.

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