Jefferies (NYSE:JEF) analyst Mark Lipacis maintained a Buy rating on Marvell (NASDAQ:MRVL) on Friday, setting a price target of $105, which is approximately 25.61% above the present share price of $83.59.
Lipacis expects Marvell to post earnings per share (EPS) of -$0.08 for the fourth quarter of 2021.
The current consensus among 25 TipRanks analysts is for a Strong Buy rating of shares in Marvell, with an average price target of $100.16.
The analysts price targets range from a high of $120 to a low of $80.
In its latest earnings report, released on 10/31/2021, the company reported a quarterly revenue of $1.21 billion and a net profit of -$27.48 million. The company's market cap is $70.53 billion.
According to TipRanks.com, Jefferies analyst Mark Lipacis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 35.2% and a 79.37% 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.