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How Does Marvell Technology Inc (MRVL) Stock Rank on Wall Street Thursday?

Thursday, May 26, 2022 01:14 PM | InvestorsObserver Analysts

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How Does Marvell Technology Inc (MRVL) Stock Rank on Wall Street Thursday?

InvestorsObserver is giving Marvell Technology Inc (MRVL) an Analyst Rating Rank of 63, meaning MRVL is ranked higher by analysts than 63% of stocks. The average price target for MRVL is $92.954 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.7
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?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Marvell Technology Inc Stock Today?

Marvell Technology Inc (MRVL) stock is trading at $57.06 as of 1:03 PM on Thursday, May 26, a gain of $3.10, or 5.75% from the previous closing price of $53.96. The stock has traded between $53.15 and $57.06 so far today. Volume today is less active than usual. So far 5,309,905 shares have traded compared to average volume of 9,824,122 shares. Click Here to get the full Stock Report for Marvell Technology Inc stock.

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