Credo Technology's stock has been upgraded to a 'Strong Buy' rating following a recent sharp price correction, presenting an attractive entry point for investors. The company benefits from multi-year growth drivers including advanced electronic components (AECs), silicon photonics (SiPho) photonic integrated circuits, and OmniConnect Weaver technology, all gaining market adoption. Despite some margin pressure and customer concentration risks, Credo maintains strong revenue growth with projected FY2028 sales of $4.41 billion and earnings per share of $10.45. The stock is expected to nearly double in value over the next 12 to 24 months, supported by continued execution, successful acquisition integration, and rising demand for AI infrastructure.
Credo Technology shares have recently experienced a notable dip, trading at USD 171.28 with a 1-day decline of 4.43% on Pluang. The stock's market cap stands at $33.69 billion, with a balanced order activity of 52% sell and 48% buy. These figures are current as of Oct 15, 2026, 20:51 WIB.
Credo Technology has reported eight consecutive quarters of triple-digit revenue growth, with fiscal Q1 2027 revenue rising 114.73% to $479 million, beating estimates. Despite the stock trading over 30% below its 52-week high, analysts see significan...
Credo Technology is projected to grow revenue by over 85% in fiscal 2027, with a price target of $258.39 indicating a 21.17% upside from its current price. Despite strong revenue growth and a bullish outlook on its optics business, Credo trades at a ...
