10 Most Oversold Data Center Stocks to Buy According to Analysts

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

YTD returns: -10%

Potential Upside: 39%

Number of Hedge Fund Holders: 43

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is a provider of advanced connectivity solutions for high-performance data centers, telecommunications, and cloud infrastructure. The company specializes in semiconductor-based solutions that address the increasing demand for high-speed data transmission, with a focus on silicon interconnects. It sells its products to hyperscalers, original equipment manufacturers (OEMs), original design manufacturers (ODMs) and optical module manufacturers, as well as to companies in the enterprise and HPC markets.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares have declined approximately 10% in 2025, though this appears to be a case of profit-taking following the stock’s impressive 245% rally in 2024. During the DeepSeek-driven market sell-off, the stock dropped 30% but later managed to recover a portion of those losses, mirroring the trend seen across many AI-related stocks.

According to Business Insider, Mizuho Securities analyst Vijay Rakesh reaffirmed his Buy rating on the stock in a February 13 update, maintaining a price target of $90. Earlier, on January 8, Stifel analyst Tore Svanberg also reiterated a Buy rating and raised his price target from $80 to $85. Analyst sentiment remains bullish on Credo Technology Group Holding Ltd. (NASDAQ:CRDO), with a consensus view suggesting a potential upside of approximately 40%.