Stifel increased Credo Technology Group’s price target amid confidence in its AI connectivity growth and optical roadmap execution.
Stifel raised its price target on Credo Technology Group (NASDAQ:CRDO) to $350 from $250 and maintained a Buy rating. The firm cited management’s focus on a vertically integrated, system-level approach across copper and optical connectivity following investor meetings with CEO Bill Brennan and CFO Dan Fleming.
Evercore ISI also initiated coverage on CRDO with an Outperform rating and a $325 price target. The firm highlighted CRDO’s potential as a broad AI-connectivity play, projecting 100% and 60% growth for its AEC solutions in 2026 and 2027, respectively, and $13-plus EPS in 2028, exceeding Street estimates.
CRDO develops connectivity solutions for the data infrastructure market, including integrated circuits and active electrical cables.