Marvell Technology Inc. (NASDAQ:MRVL) is in the spotlight Wednesday ahead of first-quarter earnings today after the market closes.
Marvell stock is showing weakness. Why is MRVL stock retreating?
What To Expect And Past EarningsAnalysts expect earnings per share of 75 cents and revenue of $2.40 billion. In the prior quarter, Marvell reported earnings of 80 cents per share, beating the consensus estimate of 71 cents, and posted revenue of $2.22 billion, beating the consensus estimate of $2.16 billion.Marvell has topped earnings-per-share estimates in each of the last four quarters and beat revenue estimates in three of those four periods.Management Commentary“We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business, with bookings continuing to grow at a record pace,” said Matt Murphy, Marvell’s Chairman and CEO, in its fourth-quarter earnings report.Marvell Analyst Ratings And Price Targets Ahead Of EarningsThe stock carries a Buy Rating with an average price target of $164.62. Notable recent moves include:
HSBC: Upgraded to Buy (Raised Target from $85.00 to $300.00) (May 26)
Morgan Stanley: Equal-Weight (Raised Target from $103.00 to $172.00) (May 26)
