Marvell Technology (MRVL) is one of the most searched stocks on Zacks.com, with shares up +28.4% in the past month. Analysts expect earnings of $0.59 per share for the current quarter, a +28.3% year-over-year change. With a Zacks Rank #1 (Strong Buy), Marvell is poised for potential growth.

Analysts focus on earnings estimate revisions to determine a stock’s fair value. Marvell’s consensus EPS estimate for the next fiscal year is $2.69, a +72.7% change from the previous year. The company’s revenue growth forecast is also positive, with estimates pointing to an increase of +26.4% year-over-year for the current quarter.

Marvell reported revenues of $1.52 billion in the last quarter, with a +6.9% year-over-year change. The company exceeded consensus EPS estimates three out of the last four quarters. Despite trading at a premium to peers, Marvell’s Zacks Rank #1 suggests potential outperformance in the near term.

Research Chief names Marvell Technology as a ‘Single Best Pick to Double,’ targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter. As an elite pick with explosive upside potential, Marvell could surpass previous Zacks’ Stocks Set to Double like Nano-X Imaging (+129.6% in 9 months).

Read more at Nasdaq: Marvell Technology, Inc. (MRVL) Is a Trending Stock: Facts to Know Before Betting on It