Marvell (MRVL) Stock in Focus as Analysts Stay Bullish Before Aug. 28 Earnings

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Trending AI Stocks on Wall StreetOn August 21, Susquehanna reiterated the stock as “Positive,” stating that it is bullish heading into Marvell Technology earnings on Aug. 28.

“Overall, we expect continued momentum for Inphi as the AI demand environment remains robust. Generally positive checks for the traditional business are perhaps an additional tailwind. Reiterating Positive and $90 PT.”

Marvell (MRVL) Stock in Focus as Analysts Stay Bullish Before Aug. 28 Earnings

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $22 implies a 10.55% upside; however, the Street-high target of $28 implies an upside of 13.84%.

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.

While we acknowledge the risk and potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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