• Credo Technology Group Holding Ltd (NASDAQ:CRDO) has been highlighted by Rob Chang from KGI Securities with a price target of $230, indicating an 8.04% potential upside.
• The company reported a 272% year-over-year revenue increase in its fiscal second quarter, driven by the rising demand for AI infrastructure.
• Credo introduced three new growth pillars targeting multibillion-dollar markets, expanding its market opportunity to over $10 billion.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a key player in the technology sector, specializing in high-speed connectivity solutions. The company is known for its innovative products like active electrical cables (AECs) and high-speed SerDes ICs. As of December 2, 2025, Rob Chang from KGI Securities set a price target of $230 for CRDO, suggesting an 8.04% potential upside from its trading price of $212.89.

CRDO has seen a remarkable surge in its stock price, driven by a 272% year-over-year revenue increase in its fiscal second quarter. This growth is largely due to the rising demand for AI infrastructure, which has boosted the adoption of Credo's products. The stock is currently priced at $206.88, marking a 20.89% increase with a $35.75 change.

The company's growth is further supported by the expansion of hyperscalers' AI capacity, leading to triple-digit revenue gains and improved profitability. Credo has introduced three new growth pillars targeting multibillion-dollar markets, including Zero Flap (ZF) optics, ALCs, and OmniConnect gearboxes. These innovations have expanded Credo's market opportunity to over $10 billion.

CRDO's stock has shown significant volatility, with today's price fluctuating between $186.94 and $213.69, the latter being its highest in the past year. The lowest price for the year was $29.09. The company has a market capitalization of approximately $35.78 billion, with a trading volume of 6,185,871 shares on the NASDAQ exchange.