Stifel Remains Bullish on Credo Technology Group (CRDO), Here’s Why
Key takeaways
- Stifel lifted the price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $350 from $250 on June 22 and maintained a Buy rating on the shares.
- Credo Technology Group Holding Ltd (NASDAQ:CRDO) also received a rating update from Evercore ISI the same day.
- While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Stifel Remains Bullish on Credo Technology Group (CRDO), Here’s Why Noor Ul Ain Rehman Sun, June 28, 2026 at 2:21 AM GMT+7 2 min read CRDO SF Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the top trending US stocks to buy now. Stifel lifted the price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $350 from $250 on June 22 and maintained a Buy rating on the shares. The firm reported that, after hosting CEO Bill Brennan and CFO Dan Fleming for two days of meetings, it concluded that management's message centered on a vertically integrated, system-level approach across both copper and optical connectivity.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) also received a rating update from Evercore ISI the same day. The firm initiated coverage of the stock with an Outperform rating and set a price target of $325. It told investors that it senses that while the company is viewed as a copper-based AI-connectivity play, the firm believes that the company will be increasingly viewed as a broad copper plus optical AI-connectivity play as it executes its optical roadmap. Evercore further stated that near term, it models 100% and 60% growth for its AEC solutions in calendar year 2026 and 2027, respectively, and longer term, it models $13-plus in 2028 EPS, 40% higher than Street estimates.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) develops connectivity solutions and products for the data infrastructure market, with its products including integrated circuits, active electrical cables, and SerDes chiplets.