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 Street. On 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.”

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 potential of MRVL 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: 10 Must-Watch AI Stocks for Investors and 10 Trending AI Stocks on Wall Street Disclosure: None.