Across the board, Wall Street analysts lifted their price targets for Credo after the semiconductor company posted a fiscal second-quarter earnings beat. Credo, which manufactures cables and chips to connect powerful AI computers, hasn’t had its name get mentioned as much as the leaders of the current artificial intelligence boom. Yet the stock has surged 155% this year, outperforming other semiconductor names such as Nvidia and Broadcom. CRDO YTD mountain CRDO YTD chart On Monday, Credo posted fiscal second-quarter adjusted earnings of 67 cents per share, exceeding the 49 cents analysts polled by LSEG were seeking. The company’s $268 million revenue also beat expectations of $235 million. Credo also posted revenue guidance for its current quarter of between $335 million to $345 million, while analysts had penciled in $247.6 million. Shares were last trading 18% higher in Tuesday’s premarket session. Wall Street shops reiterated their bullish stance on Credo and lifted their price targets following its earnings beat. They pointed to growth potential over the next year or two as a source of strength for the stock going forward. Here’s what analysts at some of the biggest shops on Wall Street had to say on the report. Barclays: overweight rating, $220 price target Analyst Tom O’Malley’s price target, lifted from $165, implies an upside of 29% from Credo’s Monday close of $171.13. “Significant beat and raise with new customer ramps and new product solutions layering on to growth in FY27 and beyond … CRDO is diversifying its customer base with multiple shots on goal for new products, turning into a more well-rounded interconnect play.” Mizuho: outperform, $225 The bank’s forecast, up from $165, corresponds to a 31% gain. “We see CRDO F26E revenues ~$1.19B still small compared to a ~$22B scale-out cable market opportunity, with CRDO now noting long-term TAM of $10B, triple last year with new products … We continue to see CRDO benefiting from AI tailwinds for [active electrical cables], PCIe, Optical DSP, leveraging its KEY Serdes technology driving lower customer [total cost of ownership].” Stifel: buy, $225 The firm raised its target price from $160. “While recent weeks have presented investor skepticism around the sustainability of AI spend and elevated valuation levels, we continue to believe that the proliferation of rack level AI infrastructure is still in its early innings. Further, we believe networking is the most important part of this market, and we view CRDO as a clear leader in multiple subsegments of this market.” Bank of America: buy, $240 Bank of America’s new price target, up from $165, calls for 40% upside going forward. “New customer adoption/ramp and l-t product diversification remain key to CRDO’s sales outlook, which both continue to execute strongly. With the [active electrical cables] product now ramping at 4 large hyperscalers and the fifth customer also in initial volume today, mgmt now expects sales to grow mid-single digit QoQ throughout FY26 and FY27, suggesting consistent AEC ramps despite modest competition concerns.” TD Cowen: buy, $240 The firm raised its price target from $190 per share. “No Thanksgiving hangover here — strong results and stronger guide likely cleared even the highest of buyside bars coming into the print. > 170% Y/Y growth endorsed for F2026, and MSD (%) sequential set as the floor for F2027. Long-term $10B TAM, path to $5B in revenue in the ‘next several years’ begins to address the next leg of the Credo story. Reiterate Buy, Top Pick, PT to $240.”