Oppenheimer Sets New Price Target of $70.00 for Marvell Technology
January 17, 2023
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Marvell Technology Intrinsic Value – Marvell Technology ($NASDAQ:MRVL) is a leading provider of innovative semiconductor solutions for the storage, networking, and connectivity industries. Recently, Oppenheimer, a prominent investment management firm, set a new price target of $70.00 for Marvell Technology. This new price target, which is significantly higher than the current market price for Marvell Technology, represents a strong vote of confidence from Oppenheimer in the company’s future prospects. Oppenheimer notes that Marvell Technology has made considerable progress in its transition from a provider of basic storage and networking solutions to a more diversified technology provider.
Additionally, the company has made strides in improving its operational efficiency, which should result in increased profit margins in the years to come. In addition to raising its price target for Marvell Technology, Oppenheimer maintains its “outperform” rating on the stock. This suggests that Oppenheimer believes that Marvell Technology is currently undervalued and presents an attractive investment opportunity. As such, investors may want to consider taking advantage of this new price target before it is too late.
Market Price
On Wednesday, shares of Marvell Technology opened up 3.8% at $37.3, compared to the previous closing price of $37.0. Oppenheimer also gave the company an “outperform” rating, citing strong fundamentals and strong performance in the semiconductor industry. Marvell Technology manufactures chips used in a variety of electronics, including cellphone processors, storage devices, and internet-of-things components. The company’s products have been used in popular devices such as Apple’s iPhone, Samsung’s Galaxy phones, and Google’s Pixel phones.
The surge in Marvell Technology stock is expected to continue as analysts expect the company to continue to benefit from strong demand for its products in the near future. This could lead to increased market share and higher revenues for the company. Investors have taken note of the price target set by Oppenheimer and are buying into Marvell Technology stock in anticipation of further growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marvell Technology. More…
| Total Revenues | Net Income | Net Margin |
| 5.84k | -141.93 | -1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marvell Technology. More…
| Operations | Investing | Financing |
| 1.28k | -327.29 | -756.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marvell Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.52k | 6.96k | 18.22 |
Key Ratios Snapshot
Some of the financial key ratios for Marvell Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.9% | 7.6% | 4.6% |
| FCF Margin | ROE | ROA |
| 18.4% | 1.1% | 0.7% |
VI Analysis – Marvell Technology Intrinsic Value
Marvell Technology Group Ltd. is a leading provider of semiconductor solutions. The company’s fundamentals indicate its long-term potential and this is reflected in its stock price performance. The value investing (VI) app simplifies the analysis of Marvell Technology Group Ltd. by providing key insights. According to VI Line, the intrinsic value of Marvell Technology Group Ltd. is estimated to be around $65.9. Currently, the stock is trading at $38.4, which implies a 42% discount to its intrinsic value. This undervaluation makes it a promising investment opportunity for investors looking for long-term growth. With a strong competitive position in the semiconductor market, Marvell Technology Group Ltd. is well placed to capitalize on the growing demand for semiconductor products and services. More…
VI Peers
Marvell Technology Inc is a fabless semiconductor company that designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Its main competitors are Advanced Micro Devices Inc, GLOBALFOUNDRIES Inc, and Intel Corp.
– Advanced Micro Devices Inc ($NASDAQ:AMD)
Advanced Micro Devices Inc is a technology company that designs and produces semiconductor products. The company has a market capitalization of 92.39 billion as of 2022 and a return on equity of 4.13%. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, and servers.
– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)
GLOBALFOUNDRIES Inc is a leading provider of semiconductor manufacturing services. The company has a market cap of 28.43B as of 2022 and a Return on Equity of 5.09%. The company offers a wide range of services, including manufacturing, design, and testing. GLOBALFOUNDRIES is a trusted partner for many of the world’s leading companies.
– Intel Corp ($NASDAQ:INTC)
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world’s largest and highest valued semiconductor chip manufacturer based on revenue, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing.
Summary
Marvell Technology is a leading provider of semiconductor and storage solutions. The company recently received a new price target of $70.00 from Oppenheimer, resulting in a surge in the stock price. Investors should consider the potential for Marvell Technology to reach this new target, as it could be a sign of strong future performance.
Other factors to consider when investing in Marvell Technology include the company’s financials, competitive advantages, and product offerings. Analyzing these elements can help investors make an informed decision about the company’s potential for growth.
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