Evercore ISI Group Rates Credo Technology (CRDO) buy

Evercore ISI Updates Its Outlook on Credo Technology

Evercore ISI Group has reaffirmed its positive stance on Credo Technology Group Holding Ltd (NasdaqGS: CRDO), keeping a buy rating on the connectivity solutions provider. On June 22, 2026, analyst Mark Lipacis issued the update, setting the price target at $325. This view places the firm firmly in the camp of supporters watching the semiconductor company's trajectory in high-speed optical and electrical networking equipment.

Credo Technology Stock Performance and Market Position

Credo Technology shares trade at $268.99, putting the valuation near its 52-week high of $308.67 and well past its 52-week low of $86.49. The company commands a market capitalization of $33.55 billion. The stock moves with a beta of 3.25, reflecting higher volatility than the broader market. It trades well above both its 50-day moving average of $208.16 and its 200-day moving average of $179.89. The company has a trailing P/E ratio of 63.30 and a forward P/E ratio of 18.42.

Wall Street Analyst Coverage and Recent Rating Changes

Other Wall Street firms have recently updated their views on the stock as well. On October 15, 2026, Rosenblatt maintained a neutral rating with a $235 price target, following an earlier target of $235 on October 15. Stifel maintained a buy rating with a $310 price target on October 5, down from a prior target of $350. Mizuho maintained an outperform rating with a $245 price target on September 21, adjusting from $290. JP Morgan maintained an overweight rating with a $310 price target on September 2, shifting from $335. Evercore ISI Group also maintained an outperform rating with a $292 price target on September 2, moving down from $325. Rosenblatt kept a neutral rating with a $235 price target on September 2, shifting from $215. B of A Securities maintained a buy rating with a $275 price target on September 2, down from $340. Rosenblatt maintained a neutral rating with a $215 price target on August 24. Overall, the stock holds a strong buy consensus with a mean price target of $279.09 drawn from 20 analyst opinions, featuring a high target of $315 and a low target of $185.

Financial Health and Earnings Outlook

Credo Technology posted $1.59 billion in revenue with a revenue growth rate of 1.15. The firm achieved a net margin of 33.8% and a return on equity of 30.7%. Earnings per share sit at $2.82. Investors will look toward the company's next earnings report scheduled for November 30, 2026, for further operational updates.

Inside Credo Technology Group Holding Ltd

Headquartered in Grand Cayman, Cayman Islands, Credo Technology Group Holding Ltd provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. Led by CEO William J. Brennan, the company employs 807 people. It designs active electrical cables, optical transceivers, memory solutions, retimers, digital signal processors, and SerDes intellectual property licensing for clients globally.

What to Watch Next for Credo Technology

Market participants will monitor upcoming analyst adjustments and the approaching earnings release on November 30, 2026, to gauge whether the company can sustain its growth metrics. Share price movements relative to moving averages will remain a key focus for traders tracking momentum in the semiconductor sector.