Credo Technology Group Holding Ltd (CRDO) Draws Attention Amid Analyst Coverage and Industry Developments

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the stocks with huge growth potential, according to the media. On January 22, Credo Technology Group Holding Ltd (NASDAQ:CRDO) entered into a patent license and mutual covenant agreement with 3M Company.

Credo Technology Group Holding Ltd (CRDO) Draws Attention Amid Analyst Coverage and Industry Developments

The agreement covers active electrical cable technology, as Credo is to license certain patents to 3 M. Don Barnetson, Senior Vice President of Product at Credo, announced, “I am pleased to have reached an amicable agreement with 3M Company.” The terms of the agreement remain confidential.

Earlier on January 21, Rosenblatt initiated coverage of the stock with a Neutral and a $170 price target. The research firm touted the company’s near-term growth prospects even as it faces longer-term risks. The research firm expects the company’s revenue to more than triple, with earnings expected to more than quadruple in 2026.

Rosenblatt expects Credo Technologies to continue capitalizing on the high demand for its high-speed copper cable technology in artificial intelligence data centers. The company has already benefited from its early leadership in 400G and 800G active-electrical cables that connect servers and network switches.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a semiconductor company that provides high-speed, energy-efficient connectivity solutions for data infrastructure, specifically targeting AI, hyperscale data centers, and cloud computing markets.

While we acknowledge the potential of CRDO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRDO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.