CRDO
Wall Street says “keep going”
Credo Technology just picked up another optimistic note from Mizuho, which lifted its price target to $220 from $200 and stuck with an Outperform rating. The stock liked the attention, climbing 5.9% to $168.35 and marking a fourth straight day in the green. Not a bad way to start the week — or, you know, the whole AI-fueled victory lap thing.
Why the bulls are hanging around
The argument is pretty simple: Credo is still tied to the data-center arms race, and that’s where a lot of the market’s favorite money is hiding right now. Mizuho pointed to the company’s recent DustPhonics acquisition, which it expects to help boost revenues by roughly 75% — about $200 million — in fiscal 2027.
Jefferies is singing a similar tune, keeping a Buy rating and a $175 target. Its take? The market still may not be fully pricing in how much Credo can benefit from AI infrastructure buildouts, especially through its active electrical cables business.
Big picture
When analysts start raising targets in a stock that’s already been sprinting, the message is usually: “We still think this one has legs.” For investors, that means Credo remains one of the more interesting ways to play the plumbing behind the AI boom — not the flashy chip headline, but the stuff that keeps the data moving.
Big picture: if AI is the party, Credo is the extension cord nobody notices until it stops working.