BofA Reduces PT on Marvell Technology (MRVL) Stock

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the Best Stocks to Invest in for the Next 3 Years. On December 16, BofA analyst Vivek Arya reduced the price target on the company’s stock to $95 from $105, while keeping a “Neutral” rating on the company’s stock, as reported by The Fly. According to the analyst, the firm has been updating its price targets for U.S. semiconductor stocks under its coverage.

The firm sees 2026 as the midpoint for the journey of 8 – 10 years of upgrading traditional IT infrastructure for faster AI workloads. BofA also added that, while stocks might remain choppy amid increased scrutiny of AI returns as well as hyperscaler cash flows, this can be mitigated by faster large language model builders and AI factories.

In a separate update, on December 9, Marvell Technology, Inc. (NASDAQ:MRVL) announced that it introduced its Golden Cable initiative. This is a strategic program that has been designed to accelerate and broaden the active electrical cable (AEC) ecosystem, as well as allow faster time-to-market for hyperscaler AI deployments. The launch has been done at a critical time as hyperscalers continue to re-architect and scale networks to handle significant new AI workloads quickly and reliably.

Marvell Technology, Inc. (NASDAQ:MRVL) offers data infrastructure semiconductor solutions, which span the data center core to the network edge.

While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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