Evercore ISI has launched coverage of Credo Technology Group Holding Ltd (NASDAQ: CRDO) with an Outperform rating and a $325 price target. That target implies roughly 20% upside from the stock’s recent trading level near $270, a bold call on a company that has already delivered one of the more impressive growth stories in the semiconductor space.
Credo specializes in high-speed connectivity solutions designed for AI infrastructure, cloud computing, and hyperscale data centers.
The numbers backing the bullish call
The company’s fiscal Q4 2026 revenue came in at $437 million, representing a 157% year-over-year increase.
Full-year 2026 results showed sustained momentum across the board, pushing Credo’s market capitalization north of $50 billion. The stock has been trading near $274.90, hovering close to all-time highs.
