Benchmark Co. Maintains a Hold Rating on Marvell Technology (MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is among the Stocks That Will Make You Rich in 2026. On December 23, Cody Acree from Benchmark Co. reiterated a Hold rating on the stock without disclosing any price targets. Earlier on December 22, Atif Malik from Citi reiterated a Buy rating on the stock with a $114 price target.

The ratings come after the company posted its fiscal Q3 2026 earnings on December 2. The share price surged more than 7.87% for the next 24 hrs but has fallen around 7% since the release till market close on December 26. Marvell Technology, Inc. (NASDAQ:MRVL) grew its quarterly revenue by 36.83% year-over-year to $2.07 billion, surpassing estimates by $9.09 million. The EPS of $0.76 also topped the consensus by $0.02. Management attributed the growth to its data center products.

Analysts at Citi noted they have added “upside 30-day catalyst watch” on the stock, ahead of CES. The firm sees concerns regarding XPU competition from hyperscale customers and the sell-off after earnings as a misguidance by the market. The firm sees the sell-off as a buying opportunity. The company plans to showcase the growing adoption of scale-up networking solutions at CES. Citi noted that recent management meetings reinforced their conviction in accelerating sales growth for 2026 and 2027, primarily from AI data centers.

​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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.