10 Best Data Center Stocks with Huge Upside Potential

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

On May 28, 2026, Deutsche Bank raised the firm’s price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $240 from $120 and maintained a Buy rating on the shares. Deutsche Bank said the company’s fiscal Q1 report and Q2 outlook were solid, with data center revenue “led the way in both quarters.”

Barclays analyst Tom O’Malley also raised the firm’s price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $275 from $150 and maintained an Overweight rating on the shares following the company’s earnings report.

Similarly, Jefferies analyst Blayne Curtis raised the firm’s price target on Marvell to $235 from $149 and maintained a Buy rating after a “modest” beat and raise, with optical demand driving near-term upside. Curtis added that the “larger upside” was increased confidence in FY28, supported by near-term optical tailwinds and growing XPU attach.

On May 27, 2026, Marvell Technology, Inc. (NASDAQ:MRVL) reported Q1 adjusted EPS of 80c, ahead of the consensus estimate of 79c. Revenue totaled $2.418B, above the consensus estimate of $2.41B. Chairman and CEO Matt Murphy said Marvell delivered record first-quarter fiscal 2027 revenue, up 28% year-over-year, and guided second-quarter revenue to $2.7 billion at the midpoint. Murphy said revenue growth is expected to accelerate through fiscal 2027, driven by continued strength in the data center business and “exceptional AI-related bookings.”

Marvell Technology, Inc. (NASDAQ:MRVL) provides data infrastructure semiconductor solutions from the data center core to the network edge internationally.