Credo Technology Hits Record High as Analysts Raise Targets, Trading Volume Ranks 322nd

On August 7, 2025, Credo Technology (CRDO) surged 2.08% with a trading volume of $360 million, ranking 322nd in market activity. The stock reached a record high of $119.73, reflecting a 336.7% surge over the past year amid 126.34% revenue growth. Analysts have increasingly emphasized the stock's strong fundamentals and growth potential.

Recent analyst activity highlights growing confidence in Credo's trajectory. Stifel raised its price target to $115 from $80, while Mizuho increased its target to $98 from $81, citing data center expansion. TD Cowen upgraded its target to $95, labeling Credo its "Best Smidcap Idea for 2025" due to AI-driven connectivity demand. Noble Capital reiterated an Outperform rating with a $14 target, noting Credo's 1.2x enterprise value-to-revenue ratio compared to peers' 2.6x average.

The stock's 64.77% gross margin and $20.14 billion market capitalization underscore its financial resilience. Analysts broadly maintain bullish stances, with price targets ranging from $72 to $135. The consensus reflects optimism about Credo's innovation pipeline and its positioning in high-speed data infrastructure markets.

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