Credo Technology Group (CRDO) shares have gained over 70% year-to-date in 2026. High demand for high-speed connectivity solutions in AI and data center infrastructure drove the performance.
Fiscal fourth-quarter 2026 revenue reached $437 million. This figure represents a 157% increase year-over-year.
Wall Street analysts responded by raising price targets in August. TD Cowen increased its target to $300 from $260. Barclays also lifted its target to $300, citing opportunities in compute and interconnect. Susquehanna raised its target to $250, noting a supportive semiconductor cycle.