Credo Is Up 71% This Year and Wall Street Just Raised Its Targets Again

Credo Technology Group (NASDAQ: CRDO) is up 71% this year, and Wall Street has again lifted its targets. Shares were quoted at $234.59, with 24/7 Wall St. setting a price target of $246.78—about 5.12% upside. The firm reiterated a “buy” with high confidence. Credo has rallied from $116.88 in March 2026 to current levels, trading roughly 9% below its 52-week high of $308.67. A June 1 earnings report drove results: Q4 FY2026 revenue of $437 million (+157% YoY) and non-GAAP EPS of $1.16 versus $1.03 expected, while full-year revenue tripled to $1.3 billion. Wall Street consensus sits at $281.13.