Price Targets Raised for CRDO and CRWD, WDC Maintained

A cluster of Wall Street analyst upgrades on June 2, 2026 highlighted three technology names across the semiconductor and cybersecurity landscape. CRDO received the most bullish treatment: Bank of America lifted its price target to $252 from $210, maintaining a Buy rating, while Goldman Sachs raised its target to $250 from $170, also keeping a Buy designation. Mizuho went furthest, lifting its target to $260 from $220. The target hikes followed Credo's fiscal Q4 2026 earnings report, which showed revenue growth exceeding 150% year-over-year, driven by surging demand for the company's active electrical cables and high-speed connectivity solutions used inside AI data centers. The results prompted Credo management to highlight an aggressive push into AI infrastructure buildouts by major hyperscalers.

In the cybersecurity segment, CRWD also saw upward price target revisions. Baird raised its target to $490 from $460, maintaining a Neutral rating, while JP Morgan analyst Brian Essex offered a significantly more bullish view, lifting its Overweight target from $475 to $800. The JP Morgan revision reflects confidence in CrowdStrike's platform consolidation opportunity and its Falcon platform's expanding share in the enterprise security market following the resolution of earlier operational disruptions.

Western Digital WDC received a more measured update, with Citigroup maintaining its Buy rating while raising its price target to $685 from $500. Citi has progressively lifted its WDC target throughout 2026, citing improving visibility into AI-driven demand for hard disk drives as hyperscalers scale storage capacity alongside compute. The sequential target increases across all three names reflect a broader analyst confidence that the AI infrastructure investment cycle still has significant runway heading into the second half of 2026.

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