After Skyrocketing 340% in Just 12 Months, Is Marvell Technology Stock Still a Good Buy?

Marvell Technology stock has surged 340% in the past year and will be added to the S&P 500 on June 22, providing a near-term catalyst. The company is experiencing strong AI-driven demand with projected 35% revenue growth. However, the analyst cautions that the stock's valuation is too high, trading at a forward P/E of 65 and a PEG ratio of 1.50, making it not an attractive buy despite positive fundamentals.