Credo Technology Is Surging on AI Tailwinds. Should Investors Buy After Earnings?
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The rise of artificial intelligence into the mainstream has been a boon for many businesses, including Credo Technology Group (NASDAQ: CRDO). Shares of the company are up over 100% in the past 12 months through the week ending Jan. 9, thanks to its solutions for AI-optimized data centers.In addition, an analyst for Needham recently reaffirmed a buy rating on Credo stock with a $220 price target, calling it a top pick for 2026. Part of Wall Street's euphoria is due to the company's excellent earnings report for its fiscal second quarter ended Nov. 1, which bolstered the case that Credo's AI offerings will be a winner over the long term.To assess if Wall Street's infatuation with Credo is warranted, and to weigh whether now is the time to buy, here's a deeper look into the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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