MRVL Stock Predictions: Beautiful Growth Stories and a Bullish Outlook for MRVL
The article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.
Summary:
- Marvell recovered from COVID-19 impact quickly and doubled its stock price since mid-March 2020, with earnings beating estimations.
- Marvell ‘s partnership with Samsung and Nokia grants it with great opportunities in 5G market and strong growth potentials.
- According to the DCF model, the fair value of MRVL stock should be 61% higher than its current price. Thus, I have a bullish outlook for MRVL in 2020.