Susquehanna Lifts Credo Technology (CRDO) PT to $115 Amid Semiconductor Sector Preview

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best performing semiconductor stocks to buy now. On July 22, Susquehanna raised its price target for Credo Technology from $90 to $115, while maintaining a Positive rating on the shares. The adjustment was part of Susquehanna’s Q2 semiconductor sector preview, in which the firm expects that companies like Credo will report in-line to modestly positive results.

The performance is expected to be driven by a combination of tariff-related demand pull-ins and sustained strength in AI applications. However, Susquehanna noted that the outlook for the latter half of the year remains uncertain. In FQ4 2025, Credo Technology reported quarterly revenue of $170 million, which marked a 26% sequential increase and a 180% year-over-year growth.

For the full fiscal year 2025, revenue reached $437 million, which was a 126% year-over-year growth. The company ended the quarter with $431.3 million in cash and equivalents and $90 million in inventory. The company has also successfully diversified its customer base, with 3 hyperscalers each contributing over 10% of total revenue.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) provides various high-speed connectivity solutions for optical & electrical Ethernet and PCIe applications internationally.

While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.