10 Stocks on Jim Cramer’s and Analysts’ Radar

3. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 76

Average Upside Potential: 23.29%

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks on Jim Cramer’s and analysts’ radar. On August 22, Wells Fargo analyst Aaron Rakers reiterated an Overweight rating and $95 price target on MRVL shares ahead of the company’s August 28 report. The firm stated that competitive concerns appear overstated and noted continued strength in optics positioning. It expects Marvell to confirm that it remains on track to reach its target of 20% share in the custom XPU total addressable market by calendar year 2028.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, with a focus on system-on-a-chip designs that combine analog, mixed-signal, and digital processing. The company provides products like Ethernet products, processors, custom chips, interconnect and storage solutions, and components for high-speed data transfer. Like the analyst, Cramer was bullish on the stock as well when a caller asked about it on August 13, as he said:

“Marvell Technology’s run by Matt Murphy, and I gotta tell you, Matt, Matt is a gamer. I want you to buy more. I kid you not, I think the stock is going higher. Maybe it goes back to, maybe it goes back to par, which is genuine Wall Street gibberish for $100.”