Credo Technology shares soar 253% in a year, hold rating with $245 price target amid strong AI growth.

Credo Technology's stock has surged 252.99% over the past year, driven by strong AI infrastructure demand and impressive fiscal 2026 results, including revenue tripling to $1.34 billion and net income rising fivefold. Despite the recent rally pushing shares near $260, analysts hold a cautious stance with a $244.97 price target, citing high valuation and customer concentration risks. Bulls remain optimistic about further gains above $300 by early 2027 if AI spending and production milestones accelerate. Investors should watch upcoming guidance and market conditions closely.