Marvell Technology, Inc. (NASDAQ: MRVL) is highlighted as an AI stock to watch, with Raymond James giving it a Strong Buy rating and a price target of $121. The firm sees Marvell well-positioned for AI-driven demand. Analysts note its potential despite skepticism as a secondary custom silicon supplier.
Marvell’s shares have traded at 25-30x next-twelve-month P/E, with a price target of $121 based on its FY28/CY27 EPS estimate. The firm models content share declines at Amazon and growth in Trainium/Inferencia chips. Custom compute sales are expected to reach $1.4B in CY26 and $2.2B in CY27.
Marvell is positioned for success in the market model shift to advanced packaging with chiplets and interconnect. The company focuses on developing semiconductors, particularly for data centers. While Marvell has potential as an investment, some AI stocks may offer greater upside potential and lower downside risk.
If you’re looking for an undervalued AI stock, consider exploring other options. Check out the 10 AI Stocks in Focus on Wall Street for more investment opportunities.

Read more at Yahoo Finance: Marvell (MRVL) Earns $121 Price Target on Rising AI Compute and Advanced Packaging Momentum