Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Credo Technology Group Holding (NASDAQ:CRDO) Ltd has reached a significant milestone as its stock price soared to an all-time high of 119.73 USD, pushing its market capitalization to $20.14 billion. According to InvestingPro data, the company maintains impressive gross profit margins of 64.77%. This remarkable achievement highlights the company’s robust performance over the past year. Notably, Credo Technology’s stock has experienced an impressive 1-year change, surging by 336.7%, supported by substantial revenue growth of 126.34%. InvestingPro’s Fair Value analysis suggests the stock may be trading above its intrinsic value. This substantial increase reflects growing investor confidence and interest in the company’s prospects and market position. With analysts setting price targets ranging from $72 to $135 and maintaining a strong buy consensus, Credo Technology’s outlook appears promising. As the company continues to innovate and expand its offerings, its stock performance remains a focal point for market observers and investors alike. Discover more insights about CRDO and access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Credo Technology Group has seen a series of analyst updates and adjustments to its price targets. Stifel has raised its price target for Credo Technology to $115 from $80, maintaining a Buy rating. Similarly, Mizuho (NYSE:MFG) increased its price target to $98 from $81, citing data center growth and keeping its revenue and earnings estimates for the July quarter steady at $190 million and $0.37 per share, respectively. TD Cowen also raised its price target to $95 from $85, noting Credo as its "Best Smidcap Idea for 2025" due to growth in high-speed connectivity for data center AI applications.
Additionally, TD Cowen had previously raised the price target to $85 from $50, following strong results and guidance, with a fiscal year 2026 growth target now at 85%. Noble Capital reiterated its Outperform rating with a price target of $14, noting that Credo’s shares are valued at 1.2 times the enterprise value compared to the 2.6 times average for industry peers. These developments reflect a positive outlook from analysts on Credo Technology’s market position and growth potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.