Needham Names Credo Technology Group Holding Ltd (CRDO) a Top Pick for 2026

2 days ago 3

Rameen Kasana

Thu, January 15, 2026 astatine 7:15 AM CST 2 min read

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is among the most promising maturation stocks according to analysts. On January 9, Needham reaffirmed the ‘Buy’ standing connected Credo Technology Group Holding Ltd (NASDAQ:CRDO), with a terms people of $220. This reaffirmation, implying an upside imaginable of 41%, comes arsenic the steadfast includes the institution successful its Conviction List, portion naming it a Top Pick for 2026. Needham believes the institution is an appealing mode to payment from the AI wave.

According to the firm, meaningful near-term opportunities presumption Credo Technology Group Holding Ltd (NASDAQ:CRDO) good to surpass expert estimates. These prospects originate from the accrued adoption of Active Electrical Cable (AEC) by hyperscalers and the instauration of caller products into the accumulation phase. That said, Needham has a FY28 non-GAAP EPS guidance of implicit $5 for the company.

“We promote investors to Buy Credo connected caller weakness and to absorption connected the awesome successful the existent noise,” the expert wrote. “With important near-term opportunities up arsenic AEC adoption proliferates crossed hyperscalers and arsenic caller products ramp to production, we expect Credo to bushed existent statement estimates.”

Credo Technology Group Holding Ltd (NASDAQ:CRDO), based successful Grand Cayman, the Cayman Islands, is simply a supplier of high-speed connectivity solutions. Founded successful 2008, the institution offers its products to hyperscalers, archetypal instrumentality manufacturers, and different companies successful the endeavor and HPC markets.

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.