Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?

21 hours ago 3

Maham Fatima

Thu, January 8, 2026 astatine 8:12 AM CST 2 min read

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is 1 of the best up and coming stocks to bargain according to Wall Street. On December 16, Bank of America expert Vivek Arya lowered the firm’s terms people connected Credo Technology to $200 from $240 and maintained a Buy standing connected the shares. This sentiment was announced arsenic BofA updated its terms targets for covered US Semiconductor stocks. The steadfast anticipates that banal prices whitethorn acquisition volatility owed to scrutiny of AI returns and hyperscaler spending, but choppiness volition beryllium mitigated by the maturation of LLM improvement and the enlargement of AI factories.

In FQ2 2026, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) achieved grounds gross of $268 million, which was a 20% sequential summation and a 272% surge year-over-year. This maturation was fueled by the enlargement of AI grooming and inference clusters, driving a non-GAAP gross borderline of 67.7% and non-GAAP nett income of $127.8 million.

Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?

Credo reported that 4 home customers each accounted for much than 10% of full revenue: the largest astatine 42%, followed by 24%, 16%, and 11%. The company’s Active Electrical Cable enactment remains its fastest-growing segment, arsenic these cables person go the manufacture modular for inter-rack connectivity owed to being 1,000 times much reliable than accepted optics portion consuming fractional the power.

Credo projects a gross betwixt $335 and $345 million. For the afloat FY2026, the institution raised its full gross maturation forecast from 120% to implicit 170% year-over-year. This upward revision reflects a strengthening request crossed the assemblage alternatively than a azygous lawsuit win.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) provides assorted high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications successful the US, Taiwan, Mainland China, Hong Kong, and internationally.

While we admit the imaginable of CRDO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.