Wall Street Maintains a Positive Outlook on Credo Technology Group (CRDO)

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the Stocks That Will Go To The Moon in 2026. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is down 12.27% since the release of its fiscal Q2 2026 earnings on December 1. However, Wall Street maintains a positive outlook.

Recently, on December 16, Vivek Arya from Bank of America Securities reiterated a Buy rating on the stock, but lowered the price target from $240 to $200. Earlier on December 2, Sean O’Loughlin from TD Cowen also reiterated a Buy rating on the stock and raised the price target from $190 to $240.

During FQ2 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) grew its revenue by 272.08% year-over-year to $268.03 million, surpassing estimates by $33.03 million. Moreover, the EPS of $0.67 also topped the estimates by $0.17. Management noted the quarter to be the strongest in the company’s history, driven by growth in their core AEC and IC franchises.

Analyst Sean O’Loughlin of TD Cowen noted that the quarterly performance exceeded even the most optimistic estimates. The company has also given massive guidance for the January quarter, which the analyst believes resets expectations and suggests future growth and expansion into new markets.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) provides high-speed connectivity solutions that overcome bandwidth limitations in data infrastructure, focusing on power-efficient technologies for surging data rates.

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.