Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Marvell (NASDAQ:MRVL) on Wednesday, setting a price target of $60, which is approximately 25.65% above the present share price of $47.75.
Mosesmann expects Marvell to post earnings per share (EPS) of $0.02 for the second quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Strong Buy rating of shares in Marvell, with an average price target of $55.27.
The analysts price targets range from a high of $62 to a low of $49.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $797.82 million and a net profit of $43.83 million. The company's market cap is $32.26 billion.
According to TipRanks.com, Rosenblatt Securities analyst Hans Mosesmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.7% and a 68.52% success rate.
Marvell Technology Group Ltd . is a semiconductor company. It designs, develops and markets analog, mixed and digital signal processing, and embedded and standalone integrated circuits. The company has operations in the United States, Singapore, Japan, South Korea, India, Israel, China, Taiwan, Malaysia, the Philippines, Thailand, and Vietnam.