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Barchart
Mark R. Hake, CFA

Marvell Technology Stock Has Skyrocketed, But Could MRVL Be Worth 24% More?

Marvell Technology (MRVL) stock is up over 76% in the last month (e.g., $176.27 on May 19). But could it be worth more? Using higher analyst revenue forecasts and higher FCF margin and FCF multiples, MRVL could be worth 24% more. This article will show how.

MRVL closed at $310.28 on Thursday, June 18, up 7.3%, and is up 51.5% in June, having closed at $205.00 on May 29. So, when will its meteoric rise end? One way to look at this is to estimate its free cash flow (FCF) going forward.

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