Marvell Technology (MRVL, $26.77) shares rating raised, price target increased by Wells Fargo
Marvell Technology got a rating boost from Wells Fargo.
Analysts at Wells Fargo raised their rating on the semiconductor company to outperform from market perform.
Wells Fargo also hiked the target price on the shares was also hiked to $32 a share from $25, which represents a 27% upside from Marvell's closing price Friday of $25.14.
"MRVL should continue to experience robust 5G base station-related sales to Nokia and Samsung for the balance of 2019 and into 2020," Analyst Gary Mobely wrote.
Mobely is also hopeful that data-center capital expenditures would rise, which in turn should augur well for MRVL's Octeon/Nitrox and Fibre Channel sales (according to the analyst).
Aroon Indicator for MRVL shows an upward move is likely
MRVL's Aroon Indicator triggered a bullish signal on March 11, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 191 similar instances where the Aroon Indicator showed a similar pattern. In of the 191 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on March 06, 2026. You may want to consider a long position or call options on MRVL as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MRVL just turned positive on March 06, 2026. Looking at past instances where MRVL's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
MRVL moved above its 50-day moving average on March 06, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MRVL crossed bullishly above the 50-day moving average on March 10, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MRVL advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for MRVL moved out of overbought territory on March 11, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MRVL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MRVL broke above its upper Bollinger Band on March 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.695) is normal, around the industry mean (9.261). P/E Ratio (30.391) is within average values for comparable stocks, (153.416). Projected Growth (PEG Ratio) (1.076) is also within normal values, averaging (1.446). Dividend Yield (0.003) settles around the average of (0.020) among similar stocks. P/S Ratio (9.901) is also within normal values, averaging (30.677).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MRVL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MRVL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
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General Information
a company which engages in the business of providing semiconductors to high-performance application-specific standard products
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