Marvell Technology Group Ltd. (MRVL) Receives ‘Analyst’ Rating

Marvell Technology Group Ltd. (MRVL) has an average broker rating of 2.4, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Marvell Technology Group Ltd. (MRVL) : 12 Wall Street analysts covering Marvell Technology Group Ltd. (MRVL) believe that the average level the stock could reach for the short term is $13.63. The maximum price target given is $18 and the minimum target for short term is around $9, hence the standard deviation is calculated at $2.5.


Also, In the latest statement by the brokerage house, Goldman Sachs reinstates its outlook on Marvell Technology Group Ltd. (NASDAQ:MRVL). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $12 per share. The rating by the firm was issued on September 7, 2016.

Marvell Technology Group Ltd. (NASDAQ:MRVL): After opening at $12.49, the stock dipped to an intraday low of $12.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.695 and the buying power remained strong till the end. The stock closed at $12.57 for the day, a gain of 0.88% for the day session. The total traded volume was 4,362,865. The stocks close on the previous trading day was $12.46.

Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics. Its products serve diverse applications used in carrier, metropolitan, enterprise and PC-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice video and data applications. As a fabless integrated circuit company, the Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Companys offers its products to three markets: mobile and wireless, storage, and networking.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.