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

5 days ago 3

Maham Fatima

Fri, January 30, 2026 astatine 8:48 AM CST 2 min read

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is 1 of the best performing caller tech stocks to bargain now. On January 21, Rosenblatt initiated sum of Credo Technology with a Neutral standing and a $170 terms target. The steadfast projects explosive maturation for 2026, anticipating that gross volition astir triple and net volition much than quadruple. This optimistic near-term outlook is supported by Credo’s robust tech stack, its first-mover presumption successful 400G and 800G solutions, and its beardown presumption successful some scale-out and scale-up connectivity for AI information centers. However, contempt these advantages, Rosenblatt remains cautious, informing that the institution volition soon look imminent unit from expanding competition.

Earlier connected January 15, Barclays expert Tom O’Malley raised the terms people for Credo Technology Group Holding Ltd. (NASDAQ:CRDO) to $260 from $220, portion maintaining an Overweight. This revision was portion of a broader 2026 outlook for the semiconductor and semiconductor superior instrumentality sectors, wherever Barclays expects banal show to beryllium dictated by a company’s nexus to AI.

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

The expert expressed a penchant for companies that are cardinal to the AI ramp and suggested that high-quality stocks volition yet pb the market. He anticipated this would hap adjacent arsenic investors proceed to statement however overmuch of the existent AI accidental tin beryllium successfully deployed successful the coming year.

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.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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