$MRVL on Long Bullish Trend + Future Growth Potential!
Updated
Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions showed a breakout on a long term bullish trend technically. At a current price of $32.98 per share, if we assess whether it is undervalued stock with future growth, its current EV/EBITDA (TTM) is 56 with FWD EV/EBITDA at 28.71 which is tempting to buy with bullish future outlook, especially 2021-2022 on Nokia and Marvell's partnership on Silicon Technology for 5G, Marvell's Collaboration with Foxconn-Ingrasys, Accton and KIOXIA to Accelerate End-to-End Ethernet Storage Adoption, Marvell and Samsung Partnership to drive Innovation in a New Generation of 5G Infrastructure Products (Long-term Collaboration Targets A Growing Ecosystem of 5G Applications). It is a Strong Buy recommendation and overall consensus based on 21 analysts for 
MRVL in the last 3 months.
If you are interested to buy at a lower level, you may check the support level in the chart. I foresee a 3X potential growth of the stock!
Note: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
MRVL in the last 3 months.If you are interested to buy at a lower level, you may check the support level in the chart. I foresee a 3X potential growth of the stock!
Note: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Trade active
This stock is still trading in uptrend, still way above the 50-day moving average.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.