Barclays Lifts Price Target on Credo Technology Group (CRDO) Following Strong Q4 Report

On June 3, Barclays analyst Tom O’Malley raised the firm’s price target on Credo Technology Group Holding Ltd. (NASDAQ:CRDO) to $85 from $70, keeping an Overweight rating on the shares. The rating update followed CRDO’s fiscal Q4 2025 earnings report.

Revenue for the quarter reached $170.0 million, reflecting a 25.9% quarter-over-quarter and 179.7% year-over-year growth. Credo Technology Group Holding Ltd. (NASDAQ:CRDO) also reported a record-breaking revenue of $436.8 million for the full year, rising 26% year-over-year.

A biomedical researcher in a laboratory examining an integrated fluidic circuit.

The analyst supported the price target increase with the company’s diversification initiatives, which can be corroborated by it securing three key customers with each contributing 10% to its revenue. The diversification has resulted in a notable boost for Credo Technology Group Holding Ltd. (NASDAQ:CRDO), as its revenue projections for fiscal 2026 rose by over $100 million. The company now projects revenue for the upcoming quarter in the $185.0 million and $195.0 million range.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) develops connectivity products and solutions for the data infrastructure market. Its offerings include active electrical cables, SerDes chiplets, and integrated circuits.

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