Rosenblatt Initiates Credo Tech (CRDO) With Neutral Rating, $170 PT

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best performing new tech stocks to buy now. On January 21, Rosenblatt initiated coverage of Credo Technology with a Neutral rating and a $170 price target. The firm projects explosive growth for 2026, anticipating that revenue will nearly triple and earnings will more than quadruple. This optimistic near-term outlook is supported by Credo’s robust tech stack, its first-mover status in 400G and 800G solutions, and its strong position in both sc ...