10 AI Stocks On Wall Street’s Radar

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

Number of Hedge Fund Holders: 105

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors. On March 13, Bank of America reiterated the stock as “Buy”, stating that the stock looks “attractive” ahead of a slew of positive catalysts.

“We maintain Buy and continue to view MRVL as a top-3 vendor of AI silicon along with NVDA and AVGO. MRVL stock looks attractive at 25x NTM [next twelve months] PE vs 32x historical median, with catalyst in coming tradeshows (OFC) and June analyst day.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $115 implies a 67% upside, however, the Street-high target of $140 implies an upside of 103.6%.