Nov 29, 2024 2:50 PM - Davit Kirakosyan
Image credit: FMP
Rosenblatt analysts reaffirmed a Buy rating and a $120 price target for Marvell Technology (NASDAQ:MRVL), citing strong expectations ahead of its fiscal third-quarter 2025 earnings report on December 3.
The analysts projected Marvell to exceed both revenue and non-GAAP earnings per share (EPS) estimates for the October quarter. Consensus expectations stood at $1.46 billion in revenue and $0.41 in EPS, while Rosenblatt’s estimates aligned closely at $1.45 billion in revenue and $0.40 in EPS. For the January quarter, the analysts forecast revenues of $1.60 billion, slightly below the $1.65 billion Street consensus, and EPS of $0.51 compared to the $0.52 consensus.
Key growth drivers included sustained AI momentum, particularly in data center ASICs, networking, and electro-optics, as well as a rebound in enterprise networking, storage, and carrier infrastructure segments. The analysts noted that Marvell's recently revised AI sales targets of $1.5 billion for fiscal 2025 and $2.5 billion for 2026 could lean toward the higher end, given the company's increasing custom ASIC design win pipeline spanning multiple generations. This trend underscored Marvell’s growing market share within the AI total addressable market (TAM).
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...