Marvell Technology (MRVL) Stock Price Prediction for December: The forecast price for MRVL at the end of December, 2024, is $82.231.
This prediction is based on the assumption that Marvell's stock price will experience a slight increase from its current price, which is $79.85 as of October 18, 2024. The 5-Day, 10-Day, and 20-Day moving averages are $79.71, $76.48, and $74.18, respectively. These moving averages suggest a short-term downward trend, which could continue into the month. However, the 30-Day, 50-Day, and 60-Day moving averages are $69.99, $71.68, and $73.81, respectively, indicating a longer-term upward trend. The RSI is at 70.73, which is considered overbought and could lead to a pullback in the stock price. The MACD is at 1.48, which could also suggest a potential downward momentum. The P/E ratio is -70.57, which is negative and could indicate that the stock is not currently profitable. The P/B ratio is 4.87, and the P/S ratio is 14.21, both of which are relatively high and could suggest that the stock is overvalued. The consensus rating is a "Strong Buy" with an average price target of $95.57, which is higher than the current price target of $82.23. The recent downgrades by StockNews.com and the potential impact of the AI boom could also affect the stock price.
10/20/2024 03:39pm
