MRVL Price Prediction Next Week
Analysis and Insights
To predict the stock price of Marvell Technology (MRVL) for the next trading week, we analyze both technical and fundamental factors.
Technical Analysis:
The stock is currently in a bearish trend, with the RSI at 33.97, indicating oversold conditions. The MACD is negative, but the histogram shows signs of bottoming out. The stock is trading near the lower end of its Fibonacci retracement range, suggesting potential support at $68.06.
Fundamental Analysis:
MRVL has shown strong growth in its AI and data center segments, with revenues beating expectations. However, the stock faced selling pressure after earnings due to muted guidance. Analysts are mixed, with some upgrading the stock and others downgrading it.
Analyst Sentiment:
Recent analyst actions show a divided opinion, with some firms upgrading MRVL and others downgrading it. The average price target remains around $110.
Price Prediction:
Given the oversold conditions and potential support, MRVL may see a short-term rebound. The price could reach $72 next week. However, the overall trend remains bearish, suggesting selling if resistance is met.
Recommendation:
Sell MRVL if it approaches resistance levels, as the broader market and sector trends remain challenging.
MRVL Similar Chart Price Prediction
The price of MRVL is predicted to go up 11.17%, based on the high correlation periods with ASR. The similarity of these two price pattern on the periods is 98.75%.
MRVL
ASR
Up: 11.17%Similarity: 98.75%
MRVL Revenue Forecast
MRVL EPS Forecast
MRVL FAQs
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MRVL VS S&P500
Marvell's strong position in optical chips and its burgeoning custom chip business offer a strong foothold into generative AI infrastructure, which should fuel high growth.
Marvell's strong non-GAAP profitability reflects moaty pricing power, in our view.
We believe Marvell's wide portfolio of switches, processors, and optical chips gives it ample opportunity for cross-selling and share gains.
MRVL Analyst's Forecast
Joseph Moore
Morgan Stanley
Hold
2025-03-06
Price Target
$113 → $90
Upside
+24.52%
Tore Svanberg
Stifel
Strong Buy
2025-03-06
Price Target
$130 → $115
Upside
+59.1%
Atif Malik
Citigroup
Strong Buy
2025-03-06
Price Target
$136 → $122
Upside
+68.79%
