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DA Davidson Sees Over 50% Upside in Mayville Engineering Company, Inc. (MEC)

Mayville Engineering Company, Inc. (NYSE:MEC) is among the best small company stocks to invest in. On Tuesday, analysts at DA Davidson began coverage of Mayville Engineering Company, Inc. (NYSE:MEC) with a Buy rating and a price target of $23.00, reflecting a potential upside of over 50% from the current levels. This optimism is attributed to the company’s strong footing in the fabricating truck and machinery components market.

As the financial services firm highlighted, Mayville Engineering Company, Inc. (NYSE:MEC) has positioned itself as the “clear leader in its industry.” From the latest acquisitions to the implementation of an updated business model, this small-cap company is clearly winning over investor confidence.

A close-up of a heavy-duty machining tool forming a steel component.

Just recently, Mayville Engineering Company, Inc. (NYSE:MEC) announced the acquisition of Accu-Fab from Tide Rock Holdings worth $140.5 million. While the transaction will be completed during the third quarter, Mayville Engineering has already begun to diversify its portfolio and enter high-growth end markets.

Mayville Engineering Company, Inc. (NYSE:MEC) is a Wisconsin-based manufacturing partner providing a range of services, including designing, developing, and assembling. The company provides engineered components to original equipment manufacturers. Founded in 1945, the giant serves a diverse end market, mainly duty commercial vehicles, agriculture, power sports, and military.

While we acknowledge the potential of MEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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