Wall Street Weighs in on Marvell Technology Group Ltd. (NASDAQ:MRVL)

Marvell Technology Group Ltd. (NASDAQ:MRVL) currently has a consensus target price of $14.803 on the stock. Of the analysts polled by Zacks Research that are taken into consideration for this number, the analyst with the highest target estimate has the stock reaching $19. The lowest target price estimate has the stock reaching $9. These target projections might vary between different covering analysts.  

Analysts may review resistance and support levels to help evaluate a stock target price. Zacks research also provides calculated recommendations from covering sell-side analysts. These recommendations fall on a scale provided by Zacks Research. Based on information provided from various analysts, Zacks Research lists Marvell Technology Group Ltd. stock with an ABR of 2.4. This number is based on a ratings scale where the ratings fall between a 1 and a 5. Following this scale, a 1 would represent a Strong Buy while a 5 would indicate a Strong Sell.

We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is widely considered to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $0.12. For the period ending 2016-10-31, Marvell Technology Group Ltd. reported actual EPS of $0.15. This number was $0.1 away from analyst predictions, providing a surprise factor of 200%. The company is expected to next release earnings on or around 2017-07-18.

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