Why Did Marvell Technology Plunge 16.43%? Earnings Report Disappoints

Marvell Technology's stock price plummeted by 16.43% in pre-market trading on September 1, 2025, marking a significant downturn for the semiconductor company.

Analysts have revised their stock targets for Marvell Technology following its recent earnings report, contributing to the stock's decline. Several analysts have lowered their price targets, reflecting concerns over the company's outlook.

The consensus rating for Marvell Technology remains a "Strong Buy," with a mean target price of approximately $93, suggesting potential upside despite the recent drop. This indicates that while short-term volatility is present, long-term optimism persists among analysts.

Marvell Technology's stock price has been volatile, with a notable 18.6% drop on August 29, 2025, closing at $62.87. This decline was driven by investor disappointment with the company's weak outlook, despite better-than-expected earnings.

The company's market capitalization saw a significant reduction, wiping out roughly $10 billion in value. This sharp decline has surprised analysts, who had high expectations for Marvell's growth prospects.