Stifel Lowers Credo (CRDO) Price Target Despite Tensorwave AI Infrastructure Collaboration

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is among the 12 best stocks to buy and hold for the next 2 years. On February 27, Stifel lowered its price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $200 from $225 while maintaining a Buy rating. Stifel’s reduction of its 12-month price target on the stock is based on a 23.4x fiscal 2027 EV-to-Sales multiple on lower comps. The firm expects Credo Technology Group Holding Ltd (NASDAQ:CRDO) to post results in line with its recently incre ...