Is Marvell Stock a Good Investment Option Now?
Considering its solid fundamentals and growth prospects, California-based Marvell Technology, Inc. (NASDAQ: MRVL) could be an attractive investment option for investors seeking exposure to the U.S. semiconductor market. The $45.7-billion company is an integrated circuit maker, which has expertise in making digital signal processing, analog, standalone, mixed-signal, and other varieties of semiconductor chips. The company also develops core processors (single or multiple), hard disk drives, and other products. On TipRanks, analysts are unanimously optimistic about the prospects of Marvell and have a Strong Buy consensus rating based on 20 Buys and two Holds. MRVL’s average price target of $76.77 mirrors 42.93% upside potential from the current level.
Is Marvell Stock a Good Investment Option Now?
Considering its solid fundamentals and growth prospects, California-based Marvell Technology, Inc. (NASDAQ: MRVL) could be an attractive investment option for investors seeking exposure to the U.S. semiconductor market. The $45.7-billion company is an integrated circuit maker, which has expertise in making digital signal processing, analog, standalone, mixed-signal, and other varieties of semiconductor chips. The company also develops core processors (single or multiple), hard disk drives, and other products. On TipRanks, analysts are unanimously optimistic about the prospects of Marvell and have a Strong Buy consensus rating based on 20 Buys and two Holds. MRVL’s average price target of $76.77 mirrors 42.93% upside potential from the current level.