Marvell's Outlook Says Revenue and Earnings Could 10x in 5 Years. Here's Why the Stock's a Bargain Even If It Falls Short.
Two major forces could drive Marvell's earnings much higher.
Overview
Marvell Technology (NASDAQ: MRVL) could be a much bigger business in just a few years. At its investor day this week, management provided a long-term outlook for its business, which spans networking and interconnect chips for data centers as well as custom AI semiconductors.
The company says it could bring in as much as $90 billion in revenue in fiscal 2031, which ends in January of that year. Not only that, but it expects earnings to grow even faster.
Details
That implies 10x growth in the business in just five years. While the stock climbed in response to the strong outlook, it still looks like a buying opportunity at today's price. What's more, it could still be a value if management falls short of its goals.
Source
Originally published at www.fool.com.
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