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.

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