Marvell Stock Has More Than Tripled This Year. I Think It Can Double Again by 2031.
The chip stock has more than tripled this year. Can it actually do it again?
Overview
Marvell Technology (NASDAQ:MRVL) started 2026 at about $85 per share. As I write, it's near $263 -- more than triple where it began the year.
A gain like that can leave little for the next buyer. But the chipmaker's growth is speeding up, and management sees revenue rising about 50% to about $18 billion in fiscal 2028, which ends in January 2028.
Details
I think this growth can lift the stock to around $527 by the end of 2031. That'd be double today's price, or a return of about 14% a year, and it doesn't need a higher valuation than the stock has now.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.