B of A Securities Rates Credo Technology (CRDO) buy

Analyst Vivek Arya reaffirms a buy rating on Credo Technology Group Holding Ltd with a $340 price target, a 26.85% upside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 9:01 AM EDT · Updated Jun 26, 2026, 5:01 AM EDT

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B of A Securities rated Credo Technology Group Holding Ltd ($CRDO) "buy" with a $340 price target on June 23, 2026.

Since the rating, $CRDO is down 0.0% after 1 week, down 13.1% after 1 month and down 37.6% to date (from the $272 close on Jun 23, 2026).

CRDO Credo Technology Group Holding Ltd

$169.70 +18.49% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities analyst Vivek Arya reaffirmed a buy rating on Credo Technology Group Holding Ltd on June 23, 2026, keeping a $340 price target.
B of A Securities's $340 price target implies 26.85% upside from Credo Technology Group Holding Ltd's ($CRDO) current $268.03 share price.
Credo Technology Group Holding Ltd trades near $268.03, well above its 50-day moving average of $208.16 and its 50-week range low of $86.49.
Across 20 analyst opinions, the stock holds a consensus strong buy recommendation and a mean price target of $279.09.

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B of A Securities Reaffirms Its View on Credo Technology Group Holding Ltd

B of A Securities analyst Vivek Arya reaffirmed a buy rating on Credo Technology Group Holding Ltd (NasdaqGS: CRDO) on June 23, 2026, keeping a $340 price target in place. The call places the firm among the more optimistic voices following the semiconductor specialist as market participants weigh how the company's connectivity chips fit into modern network demands.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +3.70% hypothetical

All-time return +26.99% S&P 500 +26.21%

vs. S&P 500 +0.78% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

How Wall Street Firms Evaluate Credo Technology Group Holding Ltd

Other major financial institutions have also updated their outlooks on the semiconductor firm in recent months. On October 15, 2026, Rosenblatt maintained its Neutral rating with a $235 target, adjusting from an earlier target of $215 set on September 2. Stifel maintained a buy rating with a $310 target on October 5, 2026, trimming from a prior goal of $350. Mizuho kept an outperform rating with a $245 target on September 21, 2026. JP Morgan maintained an overweight rating and a $310 target on September 2, 2026, moving down from $335. Evercore ISI Group also maintained an outperform rating with a $292 target on September 2, 2026, lowering from $325. Across 20 total analyst opinions, the stock carries a consensus recommendation key of strong buy with a mean price target of $279.09.

Trading Levels for Credo Technology Group Holding Ltd Stock

Shares changed hands around $268.03 on Tuesday, sitting well above its 50-day moving average of $208.16 and its 200-day moving average of $179.89. The company's 52-week trading span reaches from a low of $86.49 up to a high of $308.67, pointing to a strong upward trend over the past year. With a trailing price-to-earnings ratio of 63.3 and a forward P/E ratio of 18.4 based on expected earnings, the valuation reflects high expectations for future profit expansion in its semiconductor markets.

12-month forecast

$CRDO price target

Credo Technology Group Holding Ltd daily closes and this analyst's $340 target. Not advice.

Credo Technology Group Holding Ltd Operations and Market Position

Credo Technology Group Holding Ltd builds high-speed connectivity products for optical and electrical Ethernet and PCIe setups. Headquartered in Grand Cayman, the Cayman Islands, the enterprise serves customers across the United States, Taiwan, China, Hong Kong, and other regions. Its product lines feature active electrical cables, optical transceivers, digital signal processors, retimers, and SerDes intellectual property licensing designed to handle surging data volumes in server farms and communication networks.

Looking Ahead for Credo Technology Group Holding Ltd

Investors tracking the semiconductor provider will follow upcoming brokerage updates and prepare for the next earnings release scheduled for November 30, 2026. These updates will offer clearer details on whether revenue growth and operating margins continue to match the targets set by Wall Street analysts.