Credo Technology (US:CRDO) Yahoo Finance·2026-01-15 13:15Core Viewpoint - Credo Technology Group Holding Ltd (NASDAQ:CRDO) is recognized as a promising growth stock, with analysts highlighting its potential to benefit from the AI wave and increased adoption of Active Electrical Cable (AEC) by hyperscalers [1][2][3] Group 1: Analyst Ratings and Price Target - Needham reaffirmed a 'Buy' rating on Credo Technology Group Holding Ltd, setting a price target of $220, indicating an upside potential of 41% [1] - The company has been included in Needham's Conviction List and is named a Top Pick for 2026, reflecting strong confidence in its future performance [1] Group 2: Growth Opportunities - Credo Technology is well-positioned to exceed analyst estimates due to meaningful near-term opportunities arising from the adoption of AEC and the introduction of new products into production [2] - Needham projects a FY28 non-GAAP EPS guidance of over $5 for the company, suggesting strong earnings potential [2] Group 3: Investment Strategy - Analysts encourage investors to buy Credo on recent weakness, emphasizing the significant near-term opportunities as AEC adoption grows among hyperscalers and new products ramp up to production [3] - Credo Technology, founded in 2008, specializes in high-speed connectivity solutions for hyperscalers, original equipment manufacturers, and enterprise markets [3]