These are the 3 Best Semiconductor Stocks to buy in April 2024, as per Wall Street analysts. The artificial intelligence (AI) realm relies heavily on advanced and ever-evolving semiconductor chips.
These are the 3 Best Semiconductor Stocks to buy in April 2024, as per Wall Street analysts. The artificial intelligence (AI) realm relies heavily on advanced and ever-evolving semiconductor chips.
Bank of America Securities analyst Vivek Arya maintained a Buy rating on Marvell (MRVL – Research Report) today. The company’s shares closed yesterday at $66.48. Arya covers the Technology sector,
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Adobe (ADBE – Research Report), Apple (AAPL – Research Report) and Marvell (MRVL – Research Report) with bullish sentiments.
Adobe (ADBE)
In a report released yesterday, Bradley Sills from Bank of America Securities maintained a Buy rating on Adobe, with a price target of $640.00. The company’s shares closed last Monday at $470.10.
According to TipRanks.com, Sills is a 4-star analyst with an average return of
Currently, the analyst consensus on Adobe is a Moderate Buy with an average price target of $620.63, representing a 30.1% upside. In a report issued on April 12, Wells Fargo also maintained a Buy rating on the stock with a $675.00 price target.
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Apple (AAPL)
Goldman Sachs analyst Mike Ng maintained a Buy rating on Apple on April 12 and set a price target of $226.00. The company’s shares closed last Monday at $172.69.
According to TipRanks.com, Ng is a 3-star analyst with an average return of
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $201.03, which is a 14.6% upside from current levels. In a report issued on April 2, Evercore ISI also reiterated a Buy rating on the stock with a $220.00 price target.
Marvell (MRVL)
In a report issued on April 12, Toshiya Hari from Goldman Sachs maintained a Buy rating on Marvell, with a price target of $84.00. The company’s shares closed last Monday at $67.88.
According to TipRanks.com, Hari is a top 100 analyst with an average return of
Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $89.74, implying a 26.1% upside from current levels. In a report released yesterday, Evercore ISI also initiated coverage with a Buy rating on the stock with a $88.00 price target.
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Marvell (MRVL) has received a new Buy rating, initiated by Evercore ISI analyst, Matthew Prisco. Matthew Prisco’s rating is based on a comprehensive analysis of Marvell’s market position and future
Evercore ISI analyst Mark Lipacis initiated coverage of Marvell with an Outperform rating and $88 price target. Investors expect artificial intelligence to accelerate Marvell’s revenue growth but underestimate the length