Three AI-Powered Tech Stocks Showing Major Growth Potential Through 2026

The artificial intelligence revolution continues reshaping the technology sector, and while many AI stocks have already experienced impressive rallies, Wall Street analysts believe select companies still present substantial upside opportunities in 2026. Here are three technology plays where recent analyst price targets reveal potential gains reaching as high as 88% within the next year.

Marvell Technology: The Custom Chip Specialist (88% Upside Potential)

Marvell Technology (NASDAQ: MRVL) stands at the forefront of the AI infrastructure build-out, specializing in custom AI accelerators and networking semiconductors for major cloud providers. The company maintains close partnerships with Microsoft and Amazon on their proprietary chip initiatives, positioning itself as a critical supplier in the data center modernization wave.

Recent market concerns emerged when reports suggested Microsoft might diversify its chip sourcing partnerships with Broadcom. However, management has clarified that no business has been lost from either Microsoft or Amazon. CEO Matt Murphy emphasized the company’s continued strong positioning in custom silicon solutions. Given Microsoft’s anticipated $12 billion annual purchase plan for custom chips in 2027 alone, Marvell’s addressable market remains enormous—especially when considering the company generated less than $8 billion in total revenue over the past year.

The semiconductor industry is structurally shifting toward custom silicon, and Marvell’s established relationships with hyperscalers provide a durable competitive advantage. Evercore ISI analyst Mark Lipacis recently raised his price target to $156, reflecting approximately 88% upside from current levels. Lipacis highlighted management’s strategic acquisitions, such as Celestial AI, and its dominant position in AI accelerator design as catalysts for sustained expansion. Trading at less than 30 times forward earnings, the valuation appears reasonable relative to growth prospects.

Adobe: Freemium Model Driving Recurring Revenue (41% Upside Potential)

Adobe (NASDAQ: ADBE) faced investor skepticism regarding how artificial intelligence might disrupt its creative software business. Yet the company has successfully integrated AI capabilities across its product ecosystem, generating enthusiasm among users and opening new revenue opportunities.

The launch of Adobe Express as a freemium offering in 2021 has proven transformative, serving as both a customer acquisition channel and standalone revenue generator. Management reported “significant” monthly active user growth last quarter, accelerated by new AI-powered content creation features. The company now supports over 70 million users across its freemium portfolio, with month-over-month active user growth exceeding 15% last quarter across Acrobat, Creative Cloud, Express, and Firefly.

While management guided for approximately 9% revenue growth in 2026, deeper financial analysis suggests stronger performance could materialize. Annual recurring revenue climbed 11.5% in 2025, with management indicating double-digit growth ahead. Remaining performance obligations increased 12.8% year-over-year, signaling a robust future revenue pipeline. Both Jefferies and DA Davidson analysts recently established $500 price targets on Adobe shares, implying roughly 41% upside potential from present levels.

With a forward P/E ratio below 15, Adobe offers meaningful upside room. Sustained operational excellence could catalyze multiple expansion alongside earnings growth, driving attractive shareholder returns throughout 2026.

Atlassian: Cloud Migration and AI Acceleration (85% Upside Potential)

Atlassian (NASDAQ: TEAM) develops enterprise collaboration software serving over 300,000 companies worldwide. The company is executing a strategic migration away from self-hosted data center deployments toward its cloud infrastructure platform, a transition accelerated by the integration of artificial intelligence features.

The cloud-based platform now hosts 3.5 million monthly active users leveraging AI capabilities, up from 2.3 million the previous quarter—demonstrating rapid adoption momentum. Cloud revenue expanded 26% last quarter alone, while remaining performance obligations jumped 42%, indicating a multi-year growth runway ahead.

Atlassian will sunset its data center business operations in March 2029, enabling the company to consolidate around a single platform architecture. This streamlining reduces operational complexity, lowers overhead costs, and allows the engineering team to deploy new features and modules more efficiently. Such operational improvements create meaningful upselling opportunities with existing customers.

Bernstein analyst Peter Weed assigned a $304 price target in mid-November following first-quarter earnings review, representing approximately 85% upside potential from current trading levels. The company’s year-over-year revenue growth exceeds 20%, paired with structured margin expansion opportunities, creating a compelling earnings growth narrative. Even at a forward P/E multiple near 32, the stock appears justified by its expansion trajectory and profitability acceleration potential.

The Investment Case

These three companies represent different facets of the artificial intelligence infrastructure opportunity—from custom semiconductors to software innovation to enterprise platform modernization. While the broader AI equity market has already experienced substantial appreciation, these three stocks retain meaningful upside potential according to recent analyst assessments, driven by fundamental business momentum rather than pure sentiment-driven momentum.