---
title: "Citi Analyst Asiya Merchant Backs Bel Fuse As Overlooked AI Stock"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293380545.md"
description: "Citi analyst Asiya Merchant initiated coverage on Bel Fuse (BELFB) with a Buy rating and a $325 price target, citing it as an overlooked AI stock. Despite a 57% year-to-date gain, the analyst sees further upside. All six covering analysts rate it a Buy. Bel Fuse's components are used in data centers, with its data segment growing 14% last quarter and backlog rising 21%. Second-quarter earnings are due July 29."
datetime: "2026-07-21T19:58:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293380545.md)
  - [en](https://longbridge.com/en/news/293380545.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293380545.md)
generator: "portal-rs"
---

# Citi Analyst Asiya Merchant Backs Bel Fuse As Overlooked AI Stock

Bel Fuse (BELFB) is up about 57% this year, but Citi analyst Asiya Merchant still sees more upside and initiated coverage on July 13 with a Buy and a $325 target. According to BeInCrypto, Merchant’s call comes as all six analysts covering Bel Fuse rate it Buy, with average upside of about 20% and second-quarter earnings due on July 29. Bel Fuse is not an AI pure play, but its power, protection and connectivity parts go into data centers, and its data segment grew about 14% last quarter while backlog rose 21%.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**