12 Best Stocks to Buy and Hold for the Next 2 Years

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9. Credo Technology Group Holding Ltd (NASDAQ:CRDO)

Number of Hedge Fund Holders: 69

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is among the 12 best stocks to buy and hold for the next 2 years.

On February 27, Stifel lowered its price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $200 from $225 while maintaining a Buy rating. Stifel’s reduction of its 12-month price target on the stock is based on a 23.4x fiscal 2027 EV-to-Sales multiple on lower comps.

The firm expects Credo Technology Group Holding Ltd (NASDAQ:CRDO) to post results in line with its recently increased third-quarter fiscal 2026 revenue midpoint guidance of $406.0 million, representing a 51.5% quarter-over-quarter increase driven by AEC ramps at multiple hyperscalers. The company’s gross profit margin of 67% supports its premium valuation as revenue growth accelerates, according to the analyst.

Meanwhile, on February 25, Credo Technology Group Holding Ltd (NASDAQ:CRDO) reached a collaboration agreement with TensorWave, an Advanced Micro Devices (AMD)-exclusive AI cloud provider. This agreement will see TensorWave working with Credo Technology Group Holding Ltd (NASDAQ:CRDO) to deploy the latter’s ZeroFlap family of electrical cables and optics across the former’s AI cluster infrastructure.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) develops connectivity solutions and products for the data infrastructure market. Its products include integrated circuits, active electrical cables, and SerDes chiplets.

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